Santoli: In late-March run-up, the S&P 500 has built up a cushion to soften a modest pullback

Traders on the floor of the NYSE, March 18, 2022.
Source: NYSE

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

  • Quiet consolidation to close out a down-but-not-out first quarter, the S&P 500 at the very top of its post-January range after a strong sprint higher that fed on pessimistic sentiment and the reversal of defensive investor positioning.

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