Mike Santoli’s market notes: Big Tech ripe to lead, Key level on the VIX, bulls' extra push

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

  • Just when the bulls needed an extra push, we get new-month inflows and an unanticipated $900 billion fiscal bump to support the 2021 economic revival that the consensus is already avidly anticipating.
  • S&P 500 finally looks to be moving above the top of recent trading range, averting a "failed breakout" disappointment, for the moment. Even so, the S&P is now less than 1% above the intraday peak from Nov. 9 (Pfizer-vaccine/Biden-called-the-winner day). So this is not yet escape velocity, need to see how much is first-of-month fresh money effect.

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