Mike Santoli's market notes: S&P 500's boring run, strong manufacturing data, Apple is a beast

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020.
Lucas Jackson | Reuters

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

  • Most of the energy still coming from the trending tickers of tech, but a nice bump in ISM manufacturing allowing the metal-bending stocks to make some progress too, allowing the S&P 500 to extend its "boring" but persistent push to new highs.
  • ISM shows this is a boom in "stuff" alongside a bust in "services." Lots of pull-forward in the manufacturing data but alongside hot housing and auto sales the economy in goods is just fine. Too bad we're mostly a service/experience economy.