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Mike Santoli's market notes: Firm but sideways, stimulus ahead, VIX under 25

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Narrow rally led by the old favorites pushes the S&P above the early-June highs.

Was four-and-a-half days in the wilderness for the Nasdaq 100 enough to cool it off and have buyers regroup? Was last week yet another abortive rotation toward value/cyclicals? Or are we seeing just noisy midsummer Monday trading in a market that has been firm but sideways for six weeks?

 

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