And welcome to closing bell. I'm Mike Santoli, in for Scott Wapner. We are live from post nine at the New York Stock Exchange. This make-a-break hour begins with stocks under some stress as the leaders of the recent strong but narrowing rally reversed sharply and the broader market struggles to take up the slack. The S&P 500 has been down more than 1% much of the day.

It is off about 1.2% right now.

That's a rarity in recent months.

And the NASDAQ is the epicenter of that weakness down almost 2% right now.

A seldom news response to Palantir's results in a global gut check in semis, exacerbated

by a warning in Korea about the rapid surge in

SK Heinek shares seemingly that's all pressuring tech consumer sensitive areas remain

suspect in investors minds as airlines and retailers deepen their recent setbacks and a

breakdown in bitcoin the price there briefly sinking below $100,000 just above that right now but off almost 6%.

While money migrates for the day at least to traditional defensive areas such as staples and health care,

you also have Berkshire Hathaway up 2.5% for a change.

It all takes us to our talk of the tape.

Are we starting to see the tide go out on the bull market or is this just

some froth being skimmed away? Let's ask our panel, Dan Greenhouse of Solis Alternative Asset Management,

so far's Liz Thomas and Ned Davis Research's Ed Klishold. Welcome to you all. Dan, just pick up

the question because, you know, when the market is kind of resolutely going

higher, we say, you know what, it's actually kind of concentrated leadership and not everything's

playing balled. It looks like the macro message isn't that strong. Everyone says, yeah, but you know

what? The trend is fine. We're rotating our way away from danger. What does today's action tell

you, if anything? I'm not sure today's

action really tells me anything. We've had a great run, but I also think it's impossible to

separate out that today is election day in New York City. And obviously the market is global,

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