Mike Santoli’s market notes: Stocks churn near highs, but how long will this rally continue?

Traders on the floor of the New York Stock Exchange.
Source: NYSE

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

  • The "immaculate rotation" continues to insulate the broad market from damage, for now. The JNJ vaccine pause could have been a decent excuse for what many would see as an overdue pullback, but instead the response is a "hide in the Nasdaq" day that keeps the market hovering near highs.

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