Welcome to Closing Bell. I'm Scott Wopner live from Post 9 right here at the New York Stock Exchange.

This make-a-break hour begins with stocks wanting to see more, more evidence that inflation is falling,

more evidence that the Fed might be finished. A busy week of data and earnings just getting started for us today here's your score card with 60 minutes to go in regulation that dow down well slightly for most of the day and that still is where it sits now that ahead of the

CPI we got Disney's numbers this week and of course that critical meeting on the

debt ceiling and there was that warning over the weekend from Treasury

Secretary Janet Yellen of a potential

economic catastrophe if that issue goes south and by the way there she is a big

interview with the Secretary herself is just ahead in overtime. We're looking

forward to that. The S&P meantime is largely holding in there today along with the

NASDAQ interest rates moving a touch higher as we have about an hour to go

until the end of today's session brings

us to our talk of the tape. What investors should be doing right now with many

major issues still unsettled? Let's ask Adam Parker, he's the founder and CEO of Trivariate research, a

cnbec contributor. He's with me at post night. Welcome back. I noticed from your

notes it seems like you're getting a little more defensive. You upgraded utilities

to overweight, staples to equal weight, and you down-grade You upgraded inevitable which is either you benefit from AI, you can't be destroyed by AI or I don't know.

Right, you know, and so I'm starting to realize like, all right, I know I'm going to need utilities, I'm going to need like all right I know I'm going to need

staples so maybe those are just going to trade at higher multiples than I

thought previously and I don't want to get too negative on them.

Wait a minute so you are making market calls broad market calls at this point?

No, not a market call, just what it is going to be.

Yeah, sector calls, not a broad market.

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