Joe Sunderman Prices Quotations

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.

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.

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.

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.

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.