And welcome to closing bell. I'm Scott Wapner, live from Post 9, here at the New York Stock Exchange.

This maker breakout begins with another history-making day on Wall Street.

The S&P hitting a new all-time high today and the Dow going for its first ever close above $49,000.

And barring a major surprise over this final stretch, as you see right there, we're going to get it.

There's a scorecard, a lot of green of green on it today materials and health care are leading

the way financials green again as many of the names in that space extend their

own record highs tech doing okay thanks to big moves today from Amazon and

micron look at that from micron today almost almost 9%. And how about Shake Shack?

It's outperforming, as one firm calls it a World Cup play as it upgrades the stock today.

All that takes us to our talk of the tape, the record-setting rally and where it goes from here.

Let's ask our panel, Stratigas Research Partners, Chris Farone, BNY Wells, Alicia Levine, and CNBC contributor requisite capital is Brent talking. It's good to have everybody. Chris, I mean, OK, S&P record high. Dow's going to get this 49K barring of soccer, as I said. You've liked this setup for a while here. We have. We've talked about how this very cyclical pulse has been beating through market. And you really have seen it basically since mid-October, early November, where you saw the transport start to turn, all the banks started to break out again, the brokers.

I think what you've seen with discretionary, again, taking the upper hand here in terms of the leadership sector, is very much on beat with this cyclical pulse.

And frankly, you're seeing it in the rate market here as well.

Tens's pushing up against 420, but look globally. You've seen German yields breakout, also the Ullsie Yields breakout, Aussie Dollar has firms. So I think the macro is really confirming what the leadership is telling us as well. You agree with that, Alicia? We agree with it. We've been positive on the market really since April 9th, feeling that the low was in

and that we had a risk on environment here.

And what we like here is the cyclicality, is the fact the financials are leading here.

When financials are leading, you're not going into a downturn.

So despite some of the issues that we talk about on the macro side, on the economic side,

the market's actually confirming that there talk about on the macro side, on the economic side, the market's

actually confirming that there's a recovery going on globally. Maybe we had a soft patch

in the last quarter or so, but we're actually moving forward, and we're walking right into

stimulus in the first and second quarter of 2026, both on the consumer and the corporate

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