For as fragile as things look, the stock market hasn't found many sellers near the year-to-date lows the past couple of days.
This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. For as fragile as things look, with much talk of a central bank-currency-bond yield-economic "doom loop," the stock market hasn't found many sellers near the year-to-date lows the past couple of days.
But the inflation data must cooperate to allow the Fed to exercise this potential flexibility. Value and small-cap stocks have been solid outperformers, with the real downside momentum coming from semis and still-expensive growth. It might seem as if value has had its run but on a longer-term scale it's still just clawing back decades of deep relative underperformance.
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