Stocks surge as Fed Chair Jay Powell testifies before Congress. Plus, the big headline that had Draftkings investors heading for the dugout. And the trade on Citi and the bank holds its investor day.

Defense stocks, cyber names and energy plays all rallying in a big way on Monday as the Russia/Ukraine conflict wages on. But despite closing well off their lows of the day, the broad markets were essentially flat. The traders break down what this means for the market. Plus have COVID fears been put to rest for good in the market? Fundstrat’s Tom Lee joins to tell us why he thinks stocks may have put in their bottom for the year.