Mike Santoli’s market notes: Stocks cool, bulls could face test, utter nuttiness in some names

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

New for subscribers: Mike Santoli’s market notes: Stocks cool, bulls could face test, utter nuttiness in some names Check out CNBCPro today.

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

Market continues to quietly, sluggishly cool off. Best case the past two weeks can be viewed as a needed consolidation of the mad sprint higher that started Oct. 30. At the index level, moves are muted, growth/stay-home stocks catch a bid as cyclical/reopening names give back some gains. The effect is a bit of a tightening coil, an indecision pattern in the. Still say we can drop another 2-3% and have it be a pretty bland and routine pullback, but not a trend-changer. Some look at the four straight upside gaps early in the month and think the market could test short-term bulls by "closing" them. This often happens but certainly not always.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro good

Pro Stop watching CNBC , it’s all garbage talk !

Pro '거룩하시다 거룩하시다 거룩하시다 주 하나님, 곧 전능하신 이여 전에도 계셨고 이제도 계시고 장차 오실 이시라 .. Holy, holy, holy is the Lord God Almighty, who was, and is, and is to come., The Messiah is coming soon., GlobalMegaVigil

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines