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Santoli's Friday market notes: The inflation mini-panic subsides amid a broad rally for stocks

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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.

  • Estimable follow-through action to yesterday's imperfect bounce. Broad, calm rally — unlike Thursday's jerky, uneven move higher — takes the S&P 500 more than halfway back to the old highs, though also right at a pretty obvious test level for short-term traders.

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