(These are the market notes on today's action by Mike Santoli, CNBC's Senior Markets Commentator.) It's hard not to respect the market's recent display of resilience through rotation. But the process – which involves money rushing out of the 2025 winners and paring back bets on AI bellwethers and speculative fluff and into laggard healthcare and Old Economy sectors – can be tenuous if the chorography becomes more jagged. The dance Wednesday involved the " Magnificent Seven " shedding more than 1% and Palantir losing 5% with while the equal-weighted S & P 500 added almost half a percent and the S & P 500 Health Care sector extended its breakout to a new 2025 high with a 1.5% gain. Meta is in a 23% drawdown, Microsoft is off 8% and at early-July prices, and yet the S & P 500 is within 1% of

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