Santoli's Thursday market wrap-up: Speculative juices start to flow back

(These are the market notes on today's action by Mike Santoli, CNBC's Senior Markets Commentator.) Nearly two weeks after the market's 5% pullback bottomed, with the S & P 500 hovering calmly half a percent from its former peak, the speculative juices are starting to flow back into the spicier corners of the market. After a 5% rebound rally, the benchmark is hesitating a bit around 6850, comfortably near the upper end of a two-month range but perhaps marking some time to gather itself ahead of next week's Fed meeting. For the prior couple of days, the key feature of the market below the surface was the way the "early cycle/Fed rate cut/economic reacceleration" playbook was being executed. Consumer lenders, transports, specialty retail, some commodity groups were being reflated. An accurate