That bell marks the end of regulation for the week. Women in financial markets ringing the closing bell at the New York Stock Exchange. Dolphin doing the honors at the NASDAQ. Stocks turning higher midday after some soothing words from Fed Chair Powell, but still closing out a bumpy week for the Bulls. Soft data and tariff uncertainty weigh heavily on the major averages. That's a scorecard on Wall Street, but winners stay late.

Welcome to closing bell overtime. I'm John Ford with Morgan Brennan.

Well, head this hour. Tech's terrible week.

We're going to talk about the big drawdown for names like Tesla, Nvidia, Netflix,

and if it's time to start buying these dicks.

Plus the next wild card for investors, Raymond James Washington policy analyst

Ed Mills will join us to discuss next week's government shutdown deadlines. And we will bring you

the latest on the White House Digital Assets Summit that is taking place as we speak. As you can see

right there on your screen, that's following the administration's move to create a strategic

Bitcoin reserve.

And now let's get straight to the market action as we wrap up a week, perhaps to forget

for the Bulls, joining us as unlimited CEO and CIO Bob Elliott and Kestra Investment Management,

CIO, Kara Murphy, guys, happy Friday.

Bob, stocks are gold?

Well, I think stocks are facing a pretty tough circumstance right now. The incredibly elevated expectations that we had coming into the

year have come down a little bit with this price action. But so far, the type of fiscal

tightening activities that are being expected to be rolled out over the course of the next couple months have yet to really at all be fully reflected in how weak we're likely to see nominal GDP play out.

Look, there's some concern about a bit of a bit of the tariff volatility, a bit weaker employment conditions than

was originally expected. But that's nothing compared to the type of tax policy pay for us

that are likely to be in place, the constriction from immigration and the significant efforts to curtail federal spending.

Cara, diversification is something we're hearing more about these days after quite a run for

mega caps and tech. What does diversification really mean in this environment for so many people

...