Santoli’s Wednesday market notes: S&P 500’s holding pattern saps momentum the longer it persists

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Traders on the floor of the New York Stock Exchange.

Source: NYSE

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

  • Holding patterns don’t hold much steadier than this one. Multiple days of minimal index movement, tons of excitement and indiscriminate chasing in the marginal stocks but monotony at the core.

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