Art Hogan
Art Hogan
driver economic main news oil price since
The price of oil will be the main driver this week, particularly since there is so little economic news.
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The price of oil is acting as a natural drag on the U.S. economy and the global economy. It creates a great deal of investor uncertainty, ... as earnings reports start coming in, it's going to be what companies tell us about the next three quarters that determines if investors get off the sidelines.
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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.
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No one thinks the Fed is going to raise rates, so to what avail does a benign PPI number do to the market,
argument bad certainly kick market news next people season week
Next week we really kick that (warnings) season off. There's going to be more Gateways out there, and that's not going to help. People will make the argument that a lot of that bad news has been priced into the market already, but it certainly wasn't yesterday.
bets concerned economy people slowing
Obviously, we are still concerned about how much the economy is slowing going forward. There are a lot of people who aren't making bets on this marketplace.
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The decision being expedited is good news, ... There's light at the end of the tunnel.
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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,
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It sends a signal that the U.S. economy has weathered some pretty harsh storms over the past few years and in recent months.
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It's earnings pre-reporting season, ... I'm guessing that a lot of the worst is behind us is going to come out in commentary. Unfortunately it is going to follow numbers that are just as bad as the first quarter.
market volatility
It's going to have a lot of volatility in the market place.
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It's good news because it shows there's no creeping inflation. And the Fed is not worried about inflation. What they care about is the manufacturing side of things, retail sales and consumer spending.
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It's good to remember that it's the consumer that's going to turn this economy around -- and if the consumer is out there spending, that's a good sign,