Brian, thanks so much. Welcome to closing bell. I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange. This maker breakout begins with AI anxiety. It is again the story today following a downgrade of two hyperscalers and even more questions now about those so-called circular deals. We will have reports on all of that coming up in just a little bit. We're showing you the scorecard here with 60 to go in regulation. We're well off the worst levels of the day. We do have more sectors green than red, and that has helped turn the market picture around just a bit. Winners include the banks today. The alts managers, they have been weak, but there's JPM, Goldman, and Morgan Stanley. There are the Alts managers getting a little bit of a bounce back.

Airlines have been green, not Home Depot.

Home Depot's been a drag today after its earnings miss.

We'll watch that stock down near 5% today.

The Bitcoin sell-off very much in focus, reversing a little bit.

Dipped below 90,000 earlier in the day.

Negative for the year, a little bit of a

bounce. We'll watch that as well because it reflects the market picture at large, too. It takes us to

our talk to the tape, the state of these markets, ahead of Nvidia's earnings in a little over 24

hours from now. Let's welcome our panel. Sofyes, Liz Thomas, Brian Belski, he's the founder, CEO, and CIO at Humulus Investment Strategies, I Capital, Shannali Basic, everybody here at Post 9, how we like it. It's good to have everybody.

Liz, are we closer to the end now of whatever this pullback is? I mean, it's not really a correction.

We're 6% off the highs for

the S&P. What do you think? I think we're closer to the end. Now, some of the stuff that I think

has already found the end. Look at things like small cap actually got to some oversold conditions

and now have bounced back. They're the major index today that's green. You mentioned this already.

Nine out of 11

sectors are green today. So we've had a pretty good wash of some of that excess, and it's

important to wash out this excess throughout a very strong bull market. I've mentioned this before.

We're going to have these intermittent breakdowns in beta. And frankly, I think some of these

are what's keeping us from getting

so overly exuberant and unhinged. So they're healthy to see. They're tough to sit through, but they're healthy to see. And I do think we're getting toward the end. That doesn't mean that I think it's done today, right? But I do think we're closer to the end than they're Could be. I don't know. I mean, it's, you know, Jim Labenthal, Brian, made the case on halftime that this is a sentiment-driven pullback. It's not like something terrible happened somewhere, and now the market is, you know, having these ripple effects through it. People are concerned about too much spend, too much debt, too high valuations, and as such. I mean, if you look at the Bank of America Fund Manager

Survey today, it tells a story. More than 50% of fund manager survey investors continue to think

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