Santoli’s Tuesday market notes: Meme madness focuses on new names, while S&P 500 hovers near record

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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.

  • A quiet, tentative market, still supported by the clockwork rotational action but with plenty of treacherous choppiness in some quarters.