Joe Sunderman Quotes

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. - Joe Sunderman

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. - Joe Sunderman

The seasonality factor continues to play a big part in this market. - Joe Sunderman

The market is at or near the top of its trading range... So it would need to be a really strong (payrolls) number to get the market continued on its bullish ways. Right now, I just don't think that pattern is going to happen. - Joe Sunderman

The market has had a respectable run-up since its January 24 lows, and today you're seeing some profit taking. - Joe Sunderman

The market has had a nice run recently, and we're approaching a critical point on the S&P 500 in the 1,210 through 1,220 range. - Joe Sunderman

The Cisco news isn't that significant, but maybe it's enough to influence people who were looking to get out. The S&P 500 had recently been right near its late December highs, so it's not too surprising to see this consolidation. - Joe Sunderman

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. - Joe Sunderman

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. - Joe Sunderman

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. - Joe Sunderman

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