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Santoli’s Thursday market notes: The corrective action we’ve been waiting for is happening now

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.

  • Market gets a bit of relief, selling pressure abating after a straight-down few days that got the indexes a bit oversold in the short term and saw the broad benchmark bounce near its 50-day average.

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