Art Hogan
Art Hogan
catalyst further move run sort
We've sort of run into resistance, we need a significant catalyst to move us further and it's just not there.
earnings focusing gotten meat sort start state
We've sort of gotten through the meat of earnings season, and we're going to start focusing on the state of the economy.
bag biggest earnings economic focus mixed shifted surprise
We've shifted focus here. It's been earnings, earnings, earnings all week, now its the economic reports, ... Unfortunately, it's a mixed bag and the biggest surprise was the GDP reading.
good market means money rough seen staying stuff worked
We've seen some really good stuff and some really rough stuff, ... The market has worked its way through a bottom, at least on the Nasdaq and S&P. Money is rotating, so that means it's staying in the market and that's good news.
cross currents funds talk
There are a lot of cross currents today. And there is talk that one of the big hedge funds is going under the waves.
ahead bets earnings last news payroll people reluctant report week
We have just digested so much news in the last week or so, ... Fourth-quarter earnings have been much better than expected, but you have people reluctant to make big bets ahead of things like the payroll report Friday, or the G7 meeting, which will be important for the dollar.
baked best outlook quarter question seen statements
Outlook statements for the first quarter are the best that we've seen in some time, but the question is, how much of that is already baked into the market?,
happens regardless stocks
Regardless of what happens in the economy, we're going to use these products, ... These stocks are also oversold.
beating good saying
Many are beating lowered expectations, but no one is saying anything good about the future,
money people selective slow steady throwing wiser
I think people are still not throwing money at everything that has a 'dot.com' on the end of it. I think slow and steady is going to win the race, especially if we have broad, selective and wiser investors.
direction downward headed lower push stocks
It doesn't take much to push stocks lower in this market, ... Stocks have been headed in a downward direction for a while.
close
It does look like they are not as close (to settling) as they were going to be,
earning economic half news next path resistance second sustain until
I think this can sustain for the next day or two, at least until we get to all the earning and economic news in the second half of the week, ... Right now, the path of least resistance is still to the upside.
major pressure turned
I think that turned (the market) around, ... There is no inflationary pressure and that was one of the major concerns.