Santoli’s Tuesday market notes: The S&P 500 hit new highs, but a pause could be around the corner

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 7, 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.

  • Market idling at the highs, the S&P 500 tagging 4,800, showing minor signs of “enough for now” as it digests a ramp of nearly 6% from the intraday low five trading days ago.