Aside from inflation noise, equities are cooling off from a strong rally

Traders work on the floor of the New York Stock Exchange (NYSE) on October 4, 2021 in New York City.

Spencer Platt | Getty Images

This is the daily notebook from Mike Santoli, CNBC’s senior market commentator, with ideas on trends, stocks and market statistics.

  • The market is regrouping quietly in the absence of bonds from the bond market, as whipped movements after earnings continue but do not drive excessive shifts in the indices.

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