Mike Santoli’s market notes: Nasdaq nears correction, 'mean reversion' or something more?

zoominfo signage on the Nasdaq, on June 4, 2020.
Source: zoominfo

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

  • Many storylines in play (day-trader comeuppance, SoftBank's hard lesson, stock-split mania unwinding, Tesla gut check), but ultimately this looks like a bout of mean-reversion for an overheated, overconfident rally.