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Santoli’s Thursday market notes: A slow start to the summer as the S&P 500 churns near a highThis is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics.More mild chop with a fairly firm undertone and slight upside bias. The big indexes sideways for six weeks, yes, but nothing crucial has broken down. The deepest pullback is less than 5% and now some of the more aggressive, risk-seeking areas might be getting some traction. As noted earlier this week, the S&P 500 is within 1% of the former record high, which often means it would be odd for bidders not to take a shot at getting it back up there.

Kanzhun Limited, the leading online recruitment company in China, filed prospectus with the SEC on May 21, 2021 for going public on Nasdaq. The underwriters include Goldman Sachs, Morgan Stanley, UBS Investment Bank, China Renaissance, FUTU, etc. According to its prospectus, Kanzhun Limited, owner of the recruiting app "BOSS Zhipin", achieved annual revenue of RMB 1,944.4 million in 2020, representing an increase of 94.7% YoY. Revenue for Q1 of 2021 was RMB 789 million, representing an increase of 179% YoY. Its MAU reached 30.6 million in March 2021. According to the CIC Report, BOSS Zhipin is the largest online recruitment platform in China in terms of average MAU. The company adopt an ecosystem-friendly revenue model that balances the supply and demand of jobs and candidates. It had serv

David Swensen dies at 67. How Yale's investing chief was widely imitated by endowments and pensionsDavid Swensen, the chief investment officer of the Yale University endowment whose early embrace of alternative assets was widely imitated among endowment and pension funds, has died of cancer. He was 67.Swensen, who created what became known as the Yale Model of Investing, became the most influential endowment manager because of Yale's successful move into alternatives like private equity and venture capital and for mentoring such leading endowment managers as Andy Golden of Princeton University and Paula Volent at Bowdoin College.N.P. "Narv" Narvekar, who manages Harvard University's $41.9 billion endowment, wrote in a note to his staff on Thursday that "David, of course, was the father of

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