Traders work on the NYSE floor.
This is Mike Santoli’s daily notebook, CNBC’s leading market commentator, with ideas on trends, stocks, and market stats.
- The troubling events at the Capitol haven’t distracted markets from their month-long project: looking for signs of impending economic acceleration, new political support, and the next flickering disruptive technology topic, and finding enough to maintain a strong risk-weighted asset bid.
- Wall Street ignores civil unrest, and conflicts within government are not new. The markets are pretty mercenary when it comes to focusing only on what is ultimately important in evaluating future cash flows. If the Capitol collapse had left the Electoral College count in serious doubt, the market could decline more than 1% from an intraday high yesterday afternoon. But the events arguably caused more elected officials to condemn rather than support efforts to refuse to vote.