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Mike Santoli’s market notes: Payback phase, unimpressed by earnings beats, megacap growth weak

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S&P 500 came into the week a bit overbought, up 300 points since the Sept. 23 low, with traders having gone from irrationally fearing the election to deciding it would be bullish no matter how it turned out.

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Mike Santoli's market notes: Key S&P levels, earnings first take, crowded stock shakeoutNew for subscribers: Mike Santoli's market notes: Key S&P levels, earnings first take, crowded stock shakeout Check out CNBCPro today.
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