All right, welcome to closing bell. I'm Mike Santoli in for Scott Wapner.

This make-a-break hour begins with stops coasting to the end of a winning week with a furious three-day rally,

carrying the broad indexes to their highest point since the Trump tariffs were announced on April 2nd.

The S&P 500, folding above the 5,500 mark right now.

It's also on pace for a 4% plus weekly gain. You see it there up more than one half or 1% today. And unlike recent big rally days, volatility is somewhat subdued and the leadership is more narrowly focused on the popular tech giants. That would include Nvidia, Tesla, and meta pacing the NASDAX's 1% plus advance on the day.

The NASDAQ, as Brian was saying, up well more than 6% on the week. Now, speaking of big tech,

we'll discuss whether the recent correction has generated any bargains in that group with corporate valuation expert,

Oswath Demotrin, from NYU. But we began with our talk of the tape, with

stock's recent surge triggering some positive technical signals as investors look for some

de-escalation of the trade war. Have the Bulls made the case that a bottom is in for this market,

or is this still a typical sharp but fleeting bare market bounce. For answers, we turn to our panel.

Warren Pye is co-founder of 314 research, JPMorgan Asset Management Global Strategist, Stephanie

Aliaga, and truest co-chief investment officer Keith Lernard.

Welcome to you all.

Warren, love to check in with you here in terms of what your work is telling you about whether this rally has kind of, you know,

surpass the burden of proof that it's more than just a bounce and, you know, more than just pricing out a worst case scenario in terms of trade impact on the economy.

Yeah, thank you for having me.

We're getting close.

So, I mean, I think that the first thing we told our clients from the get-go after April 2nd is that we're not going to navigate this thing by getting inside of Trump's head and psycho-analizing the next move or the next tweet. But I do think that the White House is trying to de-escalate the situation.

We, you know, one of the markers we've seen is that Peter Navarro hasn't been on TV since April 13th, and that's corresponding to this equity rally. So setting that aside, though, I think that

a bottom, a confirmed bottom has two components. You need to see washed out sentiment and positioning.

We measure that a number of ways. We measured in the inverse

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