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Closing Bell

Closing Bell: The Road Ahead for the Rally 7/2/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 2 July 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

What’s next for stocks? Solus’ Dan Greenhaus, Hightower’s Stephanie Link and Invesco’s Brian Levitt. Plus, Plexo Capital’s Lo Toney tells us how he is playing the tech space right now. And, we get some top plays for your portfolio as we kick off the second half with Michael Bapis from Vios Advisors at Rockefeller Global.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange.

0:05.0

This maker breakout begins with the historic rebound in stocks. Whether it's gotten too tired or is it about to take another leg higher after the holiday.

0:13.0

We'll ask our experts over this final stretch. Let's show you the scorecard here with 60 to go in regulation today.

0:19.0

The S&P 500 did hit a fresh intraday high a little bit earlier.

0:23.2

We'll follow that right into the close, of course.

0:25.4

The rotation that was so pronounced yesterday, not as prevalent today, but we are seeing some

0:31.2

first half underperformers continue to run, like the Russell.

0:34.4

It is leading.

0:35.9

Small caps catching a nice bid better than 1% there.

0:39.3

Apple is up again after getting a nice upgrade. It was the worst performing of the big tech

0:43.3

names in the first half. Tech is a group, strong today. Invitya is chasing $4 trillion in market

0:49.6

cap. It's not that far away at all. 3.82 trillion.

1:00.2

And Tesla, looking to end a six-day losing streak following its better than feared delivery number,

1:03.6

still a miss, but not as bad as some had feared.

1:06.2

It does take us to our talk of the tape that wrote ahead for this rally.

1:07.6

Let's welcome in Dan Greenhouse.

1:16.6

He is chief strategist for Solace Alternative Asset Management, CNBC contributor, Stephanie Link of High Tower Advisors and Invesco's Brian Levitt. We're going to have one big conversation about this record-setting market. How's it feel to you here? Yeah, it's pretty good.

1:22.6

We're going, we're not going out because we've still got an hour, but we're at the highs of the day, up 40 basis points. For the day, I don't think the rally is phenomenal. A lot of it is short

1:31.8

covering. There's some low quality aspects to the rally, but we've had a terrific run. We're

1:38.0

25% off the lows, which is among the strongest rallies we've seen in the last 40 or 50 years.

1:44.9

So given that, I think some breather, so to speak, or some low quality aspect to it here at the

1:49.7

tail end is not out of the realm of possibility, and certainly it's coming to fruition.

...

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