Mike Santoli’s market notes: Don't read election results from stock moves

People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020.
Tayfun Coskun | Anadolu Agency | Getty Images

(This story is for CNBC Pro subscribers only.)

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

  • Market is getting back toward a more neutral footing before the Big Known Event. Last week's sell-off had the market oversold, with a good level of anxiety built up. The two-day bounce recovering about half the drop from last week places the S&P 500 almost exactly in the middle of its Sept-Oct range…