Mike Santoli’s market notes: Relentless rally for stocks, moonshots and memes, the kids like Tesla

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New for subscribers: Mike Santoli’s market notes: Relentless rally for stocks, moonshots and memes, the kids like Tesla. 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.

The market is summoning memories of first-quarter melt-ups from the recent past. Clockwork upward grind following a whippy market year; the indexes spending a lot of time looking overbought and prone to pullbacks that are shallow and fleeting when they finally come; sector/style rotation refreshes the uptrend under the surface; an intuitive recovery story becomes consensus but loose financial conditions keep cautious contrarians frustrated.

 

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Pro Can’t wait for this gigantic bubble to pop and all you permabull charlatans at to be out of jobs and preferably in jail for your constant stock pumping

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