Art Hogan
Art Hogan
came dealing month negatives selling three worries
We came into the day, week, month with the same three worries -- earnings, the economy, and geopolitical concerns. We're still dealing with all the same negatives and the selling is pretty broad.
afternoon found low months rhetoric suggesting thursday weekend weeks
We'll probably get some rhetoric over the weekend suggesting we've found the bottom, ... I think weeks or months from now we'll look back and say (last) Thursday afternoon was the low point.
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.
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.
certainly confident hear helps months
It certainly doesn't hurt, ... It always helps to hear her say that she's still confident but it's 12 months out.
ahead economic four market months move tried
Historically, the market has tried to move four months ahead of an economic recovery.
aggressive came economic economy fed global longer months nine rate six starts swing
Historically, six to nine months after rate cuts, the economy stabilizes and starts to swing in the other direction, ... But a lot of things are different this time. The Fed came off an aggressive tightening mode, and there's a global economic slowdown. It's just going to take a while longer this time.
fed mean month pause rate
He's been very clear. The Fed may take a pause for a month or two, but that doesn't mean it's the end of the rate hikes.
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.
consensus helps overall quarter season second upbeat
The season started upbeat and that was terrific. That helps the overall consensus that the second quarter (reports) will be rosier.
ahead calendar earnings fourth good lining looking major market people quarter range second third upsets
The second quarter is lining up to be another good quarter but people are looking ahead to the third and fourth quarters. Barring any major upsets on the earnings calendar I'd say the market is pretty range bound.
clinical dangerous goes investment issue negative sector showing trial
The whole issue goes a long way in showing how dangerous an investment the sector is, ... You can have one regulatory setback, one clinical trial or negative development for a drug, and you see this kind of impact.
beginning ideas
The winnowing down of ideas is beginning to happen.