15 Quotes by Joe Sunderman
- Author Joe Sunderman
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I think it's good that thus far the market has been able to put back-to-back up days together and to hold on to those gains today.
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I think there's a sense that with oil prices as high as they are, that's carrying over to the consumer, which you're seeing in the retail sales.
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I think the record-high oil prices are still weighing on the market. Also, the Merck news is now spilling over to Pfizer, J&J and the blue chips.
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- Author Joe Sunderman
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I think the record-high oil prices are still weighing on the market, ... Also, the Merck news is now spilling over to Pfizer, J&J and the blue chips.
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I think everyone thought there was going to be an election overhang and as a result of that, a lot of people had money sitting on the sidelines. The fourth quarter is generally pretty strong for stocks, and that proved true this year as well.
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We've had pullbacks in the price over the last few months, and the prices have always rebounded, so there's some wariness. You need to see a more sustained decline in prices over a longer period of time.
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- Author Joe Sunderman
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The seasonality factor continues to play a big part in this market,
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Oil continues to dominate trade, with crude at or near the highs. Worries remain about how high prices over the long term will impact consumer spending, the economy and interest rates.
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You're seeing a modest extension of the gains of this week, with areas that saw some selling recently, like energy, sort of bouncing back.
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