Robert Pavlik High Quotations

The market being at these higher levels draws interest in and of itself.

We were still digesting the news from Friday as well as coming to grips with higher yields and oil prices today. We had very muted action today. The lack of volume was evident ahead of the start of the earnings season.

This is a volatile report, yet it garners attention because it provides insight as to how the consumer feels, which is all-important right now. A low reading due to higher oil prices may negatively impact retailers.

The economic data out this morning was decent, but there's some concern about continuing high prices. Oil may be pulling back, but oil stocks are still pulling the market down. It hasn't gotten overdone, but we've still got profit-taking today. We don't have any catalysts yet so we'll ride this out.