Welcome to Closing Bell. I'm Scott Wobner live here in Lake Tahoe for the American Century Championship Celebrity Golf event.

About 90 or so actors, athletes and entertainers are playing in this tournament which is owned operated and produced by

NBC Sports including SNL's Colin Jost.

He's going to join me a bit later with yet another Hollywood strike looming.

In the meantime, this make-a-break hour begins with rally

watch as stocks extend their gains on more positive inflation numbers. Your

score card with 60 minutes to go and regulation looks like this. Dow's been up all

day long, really though it is the broader

market where the action is. Another new 52 week high for the S&P 500 and the

NASDAQ led by Communication Services. Technology stocks continuing today.

They're incredible run.

There's a NASDAQ up nearly 1.5%.

Brings us to our talk of the tape, whether stocks are on the road to new record highs.

As someone at Goldman Sachs today

said they are. Let's ask Adam Parker he's the founder of Triariate

Trivariate research a cnbec contributor as well AP it's good to have you here welcome how are you looking good I'm looking

good I mean how am I how beautiful is here I'm good thank you I love I love

being followed by Colin J Jones you know just another person who's better looking

and funnier than me thanks thanks for that we are you're neutral US equities. Why?

We just did our second half outlook

and as you know we were Polish on the first half and in kind of

I think now it's just harder for us to get there on the valuation so what we

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