Art Hogan
Art Hogan
bit perfection
We've priced to perfection, so you're going to have a little bit of a retrenchment,
backing bit companies earnings energy handle high positive price season
We've been able to handle a lackluster earnings season so far. Energy companies haven't really come into the fray yet, so things may look a little better after they report. Another positive is that we're backing off a bit from the high price of oil.
bad bit economic fed market members news reporting sideways trading
During earnings, we're often in a trading range, and I think we still are right now. We've got 100 members of the S&P reporting this week, a lot of economic news and the Fed tomorrow, so for the market to go sideways a bit is not a bad thing.
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.
bit energy handle high impact keeping market
The market is keeping in lockstep with energy prices, ... As we get a better handle on the short-term and long-term impact of high energy prices, the market is able to rationalize a bit better.
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.
days declines earnings three
With declines three days in a row, you know it must be earnings season,
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.
certainly expected happen last points thousand
We expected it to happen by the end of the year, certainly not in the first quarter. The last thousand points have really been at breakneck speed.
calling focus forward great growth intensive looking news people period question revenue robust week
We're going through a very news intensive period this week and the focus of all of that is slowdown of revenue growth going forward, but we're probably overreacting, ... We get great numbers, but looking forward we don't have the robust growth -- so people are calling into question valuations.
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.