Art Hogan
Art Hogan
continue economy fed perhaps slowing
If we can continue to see (the economy slowing down) perhaps we're done after Tuesday's Fed meeting.
companies earnings flight hanging people quality revenue tech value
In the earnings pre-reporting season, the companies that alarmed us so much were tech and telecom, ... We still have earnings jitters and nervousness about revenue growth. I think people feel there is more value in the Dow, which has been hanging in there, so that's where the flight to quality comes in.
buyers came longer
Buyers came back into the marketplace. But I don't know how much longer that will be.
definitely forward hottest sector
I definitely think the hottest sector going forward will be technology, telecom and financials,
bets cause particular placed ton wacky
I don't think there were a ton of bets placed during this particular quarter, but it does cause some wacky moves,
backup consumer happened listening
I don't think that's what happened here, I think that will be more of a fourth-quarter issue, ... I do think we'll see some backup in consumer discretionary spending. That's something we're going to be listening to on 4Q estimates.
broader collateral damage fourth market seeing
I don't we're seeing we see the collateral damage to broader market that we did in the fourth quarter,
coming forward great news
I don't think we can look forward to any great news coming out in the September-October period.
december economy fed knows looks short
The Fed disappointed us short term, ... The economy looks better than it did in December and the Fed knows more than we do.
basis cuts fed rates worried
The Fed cuts rates because they're worried about the economy, ... They're not as worried because they only cut rates by 25 basis points, so things are getting better and there's stabilization.
again center committee energy federal hikes judicious looks market move open rate side sure
I'm not sure how judicious it is, but the market looks like it will move energy to the side stage, while rate hikes and the Federal Open Market Committee again take center stage.
broader compared concerned data economy half investors lows market process second sector services surprise terms test
In terms of the thought process on the economy, today's ISM data on the services sector didn't help. It didn't really come as a surprise -- but, having said that, the broader thought process that the economy isn't doing well in the second half compared with the first half has investors concerned that we may need to test the lows of the market again.
bargains bottom bring buy earnings form great include line list quality remember together top wish
If you've put together a wish list to buy stocks, there are some great bargains out there. The include quality names, those that remember to bring that top line revenues down the bottom line in the form of earnings -- that's going to be the key.
asian earnings eventually global major markets number people percent rational reaction realize response service tech tends terms time wake whatever wire
The global reaction to this is more of a psychological response than a rational one. People wake up and read whatever wire service they're going to read and realize that one of the major Asian markets was down by up to 6 percent overnight, and there are a number of tech earnings disappointments and it tends to cascade. Eventually you get a more rational response after people have time to come to terms with what is really happening.