All right, welcome to closing bell. I'm Scott Wapner, live from Post Night, right here at the New York Stock Exchange. This maker breakout begins with hopes for a breakthrough as the market looks for any bit of good news after this incredibly turbulent trading week. So while we wait for any new developments, whenever they might come, we will show you where things currently stand on Wall Street in this very fast-changing market.

The major averages have been all over the map again today, digesting bank earnings and big,

big moves in the bond market once again.

In fact, we'll show you an intraday of the S&P versus an intraday of the 10-year treasury.

Bond yields come off the boil, stocks get a little bit of a lift,

a few other things going on, which we'll let you know about too.

Materials actually the best sector today.

Gold hitting another new record high.

So at least one of those safe haven trades is working again.

Tech also doing well, several big names getting a boost. Apple needed it,

and VDIA did too. They're among those names in the green today. It does take us to our talk of the

tape. Where do we go from here with all this volatility? Where are we going? Let's ask Tom Lee.

He is Funstratz managing partner, head of research, also a CNBC contributor with me here at Post 9.

Thank you for being here.

So Liberation Day didn't go, as you thought, and you apologize publicly for that, which I think a lot of people appreciated.

You're always a stand-up person about that.

What now?

Where are we going?

Well, I think a couple of things that we're thinking about is we know markets have gotten very pessimistic.

They've priced in a 60% probability of a recession.

And if tariff negotiations deescalate, then the probability isn't that high.

So I think that there's still a big window for markets

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