This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.
This could simply be a matter of short-term oversold conditions, a pause in the bond-yield surge and general hesitation ahead of a crucial-seeming CPI report Thursday.
There's some focus on the S & P 500's 200-week (1,000-day) moving average offering an excuse for some support here, as it did at the end of 2018.
Forecasts have come in a lot (S & P 500 consensus down 7 percentage points ex-energy since July), but it's unclear if that's enough.
VIX is sticky in the low-30s, a pretty agitated state, and likely will stay inflated into/through Thursday's CPI report.