Art Hogan
Art Hogan
few gaining household improvement last major name next provided week
There's a lot of improvement priced into the earnings, and provided we see confirmation of that, we should be able to keep gaining over the next few sessions, ... But if another major household name -- like GE last week -- were to disappoint, you could see some selling.
economic factors falling negative news oil positive war
There's been this tug of war all day between factors like falling oil prices, more negative than positive economic news and everything going on at GM,
plenty reasons sell stocks
There's been plenty of reasons to sell stocks today.
data positive
There's been a slew of positive data in between.
certainly company point
There's certainly not one thing you can point to and say 'this is because,' ... It's company by company.
apple complexion couple early focus household ibm looks markets names research shape weeks
There's a lot of trepidation out there about earnings, ... A lot of times, the complexion of markets is what the household names are doing. A couple of weeks ago it was about IBM ( Research ) and Apple ( Research ). Today, it looks like the focus is on Amazon, and that can shape the market -- at least in the early going.
above coming confidence confirm consumer goes move number reports sentiment
There's an unbelievable number of reports coming out, any number of which could move us one way or the other, ... If we have a blowup in the jobless claims, and it goes above 400,000, if the consumer sentiment number doesn't confirm today's consumer confidence number, you could see some selling.
both eagle great hit moving nailed next seem upside year
Abercrombie & Fitch and American Eagle seem to have really nailed it. They have great popularity. They've hit a great line, both moving in the right direction. We see great upside for the next year in both of those names,
bargain came hunters turned
Bargain hunters came out and turned things around.
ahead bargain bets corporate economic fed huge hunters news people ton
You don't get a ton of people making huge bets ahead of the Fed meeting, ... There's little corporate news and no economic data, so I think you'll get some bargain hunters here.
buyers clearly rhetoric
There was clearly a disappointment in the rhetoric from the Fed. It's just a buyers strike.
basis exactly percentage point surprises turn volume
There were no surprises and we had already priced in a 50 basis point (half a percentage point) move, ... We didn't exactly turn on the floodgates but we went from anemic volume to trending higher.
bad further good lead market rates report spark top trading volatile wants
This may be a very volatile trading session. The market wants good numbers, but an exceedingly good report may lead to further rates increases, and that's not good for stocks. On the other hand, a bad report on top of disappointing earnings, could spark another sell-off.
behind depending direction fed focus next pick until
Depending on what day it is we focus on earnings, we focus on the Fed. We have to get the Fed behind us before we really pick a direction. I think that direction will be higher, but not until next Wednesday.