Traders work the floor of the New York Stock Exchange.
This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.
A somewhat overheated and stretched market cooling and relaxing a bit. Indexes entered today overbought on a few measures, investor sentiment getting aggressive. All in the context of a strong uptrend, breakout to new highs and sturdy credit conditions, so for now the modest decline seems pretty routine/benign.