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Santoli’s Wednesday market notes: S&P 500 is in stasis, but the viral stock stampede picks up

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Traders at the New York Stock Exchange, June 2, 2021.
Source: NYSE

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

  • The market continues to be a snoozer but not a loser at the index level, with an uncommon degree of inaction but plenty of cyclical themes gaining traction and wild "play money" action in meme stocks flaring around the edges.

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