Art Hogan
Art Hogan
days declines earnings three
With declines three days in a row, you know it must be earnings season,
difficult economy economy-and-economics excited federal mode reserve
When the Federal Reserve is in a (interest rate) tightening mode it's difficult to get excited about old economy stocks,
changing folks good happened market minds money news song staying swan time year yesterday
When the Dow was doing its swan song yesterday (Thursday), the money was staying in the market and rotating into tech, ... That's the first time that's happened this year and that's good news -- folks are changing their minds about the sectors but they're staying in the market.
bad bunch companies economic estimates insurance market missing news sector sell today warning
We've had a lot of bad news today -- the economic data, Cigna and the insurance sector is doing poorly, a bunch of companies missing estimates or warning -- but this is a market that really doesn't want to sell off,
claims days economic few good nervous number people rate starting today
We've had a few good days and the only economic number we had today was the jobless claims, ... People are starting to get nervous -- if the jobless claims look like that, what will the unemployment rate look like, and that's the driver.
claims relationship
There is not a hand-in-glove relationship necessarily with the jobless claims and the payrolls number, ... We're still pretty upbeat.
economic fed meeting news next path resistance
We've got a lot of economic news between now and the next Fed meeting in May. The path of least resistance is higher, but there's a bumpy road.
catalyst holding light major tunnel
We need to see the light at the end of the tunnel with the Fed. That's the major catalyst holding us back right now.
added closer jobs last
We need to see more than the 1,000 jobs added last time. You want to see closer to 200,000 jobs added.
cash investor last miss people sentiment shifted terrific wanting week
We had a terrific week last week, ... Investor sentiment has shifted to people not wanting to miss out on any strength. There's a lot of cash on the sidelines.
There are a lot of headwinds right now,
fact fed move speaks starting
We are starting to see (economic) stabilization and, I think the fact that the Fed didn't make a move speaks to that.
buy demand economy great inflation news problem side terrific
The problem is that terrific news on inflation is not what we need right now, ... We need terrific news on the demand side of the economy. The economy hasn't stabilized yet so we don't have any great need to buy stocks.
news positive relatively
We had some relatively positive news for the markets, the first positive news we've had for some time, ... Plus, we are very oversold after ( Wednesday's ) action.