Art Hogan
Art Hogan
continue fed month pass slowing trend until wait
If we continue to see the trend slowing and we get better (economic) numbers, I think the Fed can take a pass at the end of the month and wait until August.
companies dependent dragging drivers lower main oil price
One of the main drivers for the Dow and S&P has been the price of oil; that's been dragging on the companies that are especially dependent on lower oil prices,
bounce darn gets gotten sentiment street wall
Sentiment on Wall Street has gotten to an 18-month low. When sentiment gets this bad, you know the bounce is pretty darn close.
(On) any pullback I think you're going to see some support.
ahead anniversary behind bound building continue date september until
Nervousness is building ahead of the one-year anniversary of September 11, and it's bound to continue until we get that date behind us,
card credit environment except interest obviously retail sector
Obviously we're in an environment with the friendlier interest rates, ... The first sector that does well (after cuts) -- except for the credit card issuers -- is the retail stores.
action data economic guess last momentum month positive stream strength week
My guess is we're going to have some positive action after last week's selling. We're in the last week of the month and the last week of a quarter, so there's some momentum there. If the stream of economic data is as positive as it's been, we're going to see some strength from that.
avail benign fed number raise thinks
No one thinks the Fed is going to raise rates, so to what avail does a benign PPI number do to the market,
coming data earnings economic great marquee whether
We need a significant catalyst. Whether it be great second-quarter earnings or blowout economic data or some marquee firms coming out with a mid-second-quarter preview.
bush good
If Bush does really well tonight, that's good for the market,
bit perfection
We've priced to perfection, so you're going to have a little bit of a retrenchment,
concerned data economic larger picked saying spending sun
What Goldman is saying about Sun and EMC is IT (information technology) spending hasn't picked up that much, ... But we're more concerned about the economic recovery, so the data will probably play a larger role.
belief confirmed driven ending ends fact fed held hikes market nice onto prices rate sooner start stock
This was a nice way to start off the new year. A lot of this was driven by the fact that the Fed confirmed that end is in sight. We've held onto the belief that when the Fed ends that stock prices will go up. We'll still have rate hikes but the market is celebrating that we'll see an ending sooner than later.
bargain friday hunters low volume
When you have a low volume Friday selloff, you'll sometimes see the bargain hunters come back in Monday.