Mike Santoli’s market notes: Hot stocks under pressure, a possible stealth correction, Oscar Health’s weak debut

Published Wed, Mar 3 20211:30 PM EST

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.

Another barrage of selling in mega-cap tech, further retrenchment in the hot-money risk-appetite trades and for now the broad tape is able to absorb it reasonably well.

More In Santoli on Stocks

Mike Santoli’s market notes: Lower highs for the S&P 500, bond yields recede, a speculative game heats up

Mike Santoli’s market notes: Strong and broad bounce, but no free ticket to the new-high express

Searching for buying opportunities in the wake of the bond-market storm