Mike Santoli’s market notes: A tale of two market tapes, Apple car drives excitement, no wide mania

Traders work on the floor of the New York Stock Exchange.


(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.

  • There are two tapes, as is often the case these days. The broad benchmark indexes, which are in listless sideways consolidation mode digesting the post-election rally, the S&P essentially flat for three weeks.

More In Pro Insight

CNBC ProMike Santoli’s market notes: Buying energy wanes, immaculate rotation, casino action
CNBC ProBeware these stocks that have poor track records during earnings season
CNBC ProMike Santoli’s market notes: Stocks taking a breather, Apple is up as the market rebalances