Mike Santoli's market notes: Resetting sentiment, options market playing a role, Tesla back to $500

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.

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  • The market remains in rest, reset and rethink mode. Resting after a headlong 13% sprint to start November. Resetting exuberant sentiment and over-extended cyclical stocks back toward more sustainable paths. And rethinking, in a measured way, expectations that a vaccine-aided reopening moment is near enough and certain enough to allow investors to ignore near-term economic slowing and Covid shutdowns.