Santoli’s Friday market notes: Stocks slump toward an inflection point: an ordinary pullback or something more?

Traders works at the New York Stock Exchange (NYSE), August 4, 2021.
Andrew Kelly | Reuters

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

  • The slow-motion slide – echoing the slow grind higher that preceded it – has taken the market toward a spot where it will show whether this is just another 2021-style mild pullback or something more.

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