Santoli's Thursday market notes: The S&P 500's road to 4700 seems less complicated - CNBC

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Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City.

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

• Quick reversal of Wednesday's jagged shakeout in the majority of stocks, sharp pullback in value sectors and oddly poor market breadth, which all seems to have been a response to short-term overbought conditions combined with whippy bond-market moves.

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Santoli's Thursday market notes: The S&P 500's road to 4700 seems less complicated - CNBC
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