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Santoli: Stocks tick higher on megacap earnings, but are the real-money investors back?

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022.
Brendan McDermid | Reuters

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

  • The Monday low in the S&P 500 went unchallenged the rest of the week — even with all the whippy action, the dramatic surge in Fed tightening expectations, and the further liquidation in "story stocks." This has helped the market make some use of oversold conditions and the daylight let in by some megacap earnings reports to get a bit of a lift into month-end.

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