Mike Santoli’s market notes: Disorderly rotation, the Big Five falter, a groggy bond market

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Traders on the floor of the New York Stock Exchange
Source: NYSE

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

  • The market remains unsettled but hasn't broken down. The bond market is groggy but less agitated than yesterday. The S&P 500 briefly made a new low for this pullback this morning and has been whippy, but has so far found buyers at around 3% below its record high (near 3,800).

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