Santoli’s Tuesday market notes: S&P 500 pushes higher amid retail sales surprise. Are investors focusing too much on inflation?

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021.

Michael Nagle | Bloomberg | Getty Images

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

  • Big cap growth stocks wake up and boost the S&P 500 toward its high-water mark from 11 days ago, with muted, balanced action across the broader market.