Santoli’s Thursday market notes: The S&P 500 level to watch to tell if this sell-off is serious – CNBC

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021.

Michael Nagle | Bloomberg | Getty Images

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

• Slow grind higher into early September has given way to a similarly glacial churn modestly lower since Friday.

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