Santoli’s Wednesday market notes: Investors sell the news on big bank earnings

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 13, 2021.

Brendan McDermid | Reuters

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

  • Another timid morning rally fades. Yet again below the surface there is evidence of the market trying to find some traction above last week’s low.