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Santoli’s Monday market notes: Cyclicals, banks rally, but will the early-month strength trend hold?

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New for subscribers: Santoli’s Monday market notes: Cyclicals, banks rally, but will the early-month strength trend hold?. Check out CNBCPro today.

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. Brisk rally in cyclicals and heaviness in tech/growth translates into a mild bounce for the S&P 500 not quite recouping Friday's drop.

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