Thanks so much. Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange busy day.

This make or break hour begins with the momentum mess.

From Palantir to Applovin to Robin Hood to many stocks in between.

That strategy getting hammered today, as you know, has some wondering now whether an even bigger rollover could be in the cards.

We'll ask our experts that very question in just a moment.

In the meantime, let's show you the scorecard here with 60 to go in regulation.

It has been ugly from the jump today for the majors led by a big drop in the Dow Jones Industrial

average off the worst levels. We're still down by more than 1%. Walmart, you probably know that

story by now, too. It's the big drag there after its outlook disappointed. The stock having its worst day since November of 23.

Far from the only culprit, however, J.P. Morgan Goldman, American Express all getting hit as well today. And tech, not much better, although Envidia, it's been higher ahead of its key earnings report next week.

We'll watch that over this last hour as well. It does take us to our talk of the tape,

whether the reversal in momentum portends a rough patch for stocks overall. Let's ask Chris Verone.

He is partner and head of technical and macro research at Stratigas. It's good to have you

on a day like this. Great to be here. You're watching this Mo Mo Role and you're thinking what? Yeah, well, first, I think we've got to put

this in a little bit of perspective. We're 24 hours removed from a new all-time high on the S&P,

24 hours removed from a new high on the triple Q. So to say that this market's on the cusp of some great rollover, I think is a bit aggressive. What we do have, and what we have had, are some divergences develop over the last number of weeks. We see it

through the lens of momentum over the last 24 hours, hitting Palantir, hitting Robin Hood,

hitting Carvana, but also hitting golden sacks and Blackstone and Black Rock. So I think

the shot across the bow, I don't think we're on the cusp of some

devastating bare market, but could we correct or consolidate into, frankly, a weaker

seasonal period ahead of us? I think certainly a reasonable view. I mean, you would suggest,

though, and you are that when you look inside the market at the internals, that they didn't

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