People walk past the New York Stock exchange (NYSE) on November 30, 2020 in New York City.
Angela Weiss | AFP | Getty Images
This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.
A static tape can look like resilience, and vice versa, depending on what you think the market "should" be doing. The broad indexes have slipped into a little consolidation this week, digesting a strong +13% five-week risk binge. The S&P 500 this morning fell below where it traded more than a month ago and is up just 1.5% from its highest print from 13 weeks ago.