Art Hogan
Art Hogan
ahead bargain bets corporate economic fed huge hunters news people ton
You don't get a ton of people making huge bets ahead of the Fed meeting, ... There's little corporate news and no economic data, so I think you'll get some bargain hunters here.
buyers clearly rhetoric
There was clearly a disappointment in the rhetoric from the Fed. It's just a buyers strike.
basis exactly percentage point surprises turn volume
There were no surprises and we had already priced in a 50 basis point (half a percentage point) move, ... We didn't exactly turn on the floodgates but we went from anemic volume to trending higher.
activity billion boon companies economy good great moves
It's a good day for the market, ... It's a great boon for the economy when you've got more than $70 billion in M&A activity (mergers and acquisitions), and these companies are making these moves because they think the economy is getting better.
intel pack related revenue sell showing
It's a pack mentality, ... If LSI is showing a revenue slowdown, then we're going to sell everything that is related to semiconductors -- and that's why Intel is down.
data economic major move number
It's a lagging number that will have two revisions. There were no major surprises. Economic data will still move this market, but this isn't one of them.
cash keeps
It's two times oversubscribed. That keeps a lot of cash on the sidelines.
behind everybody explosive sexy wants
It's the sexy sectors -- tech, biotech -- that are behind the explosive growth, ... Everybody wants to be a part of that.
ahead change couple last meetings seen stop time
It's the first time we've seen a change of verbiage in the last 10 meetings or so, ... We're now a couple of meetings ahead of when they'll stop tightening.
fear heading investors ongoing puts sidelines words
It's that ongoing fear of slowing. It puts into words what you don't want to hear. Investors are heading back to the sidelines for a bit.
reflex seeing
It's an oversold bounce, ... After you get oversold, you have a reflex rally, and that's what we're seeing now.
credit cycle equity markets ongoing piece slowing trend
It's another piece of the ongoing trend of a slowing economy, ... The credit tightening cycle is nearing an end and we have the equity markets celebrating that.
bad further good lead market rates report spark top trading volatile wants
This may be a very volatile trading session. The market wants good numbers, but an exceedingly good report may lead to further rates increases, and that's not good for stocks. On the other hand, a bad report on top of disappointing earnings, could spark another sell-off.
bit citing currency flight material problems puts raw safety
They're (Intel) not citing problems like currency or raw material costs; they're citing demand, and that puts a spook in all of the markets, ... There's a little bit of a flight to safety and Hewlett is a news-related purchase.