Art Hogan
Art Hogan
continues moved news path perspective resistance upside
Microsoft's news was put into perspective as the day moved along. The path of least resistance continues to be to the upside for this market.
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.
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.
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.
catalyst further move run sort
We've sort of run into resistance, we need a significant catalyst to move us further and it's just not there.
above coming confidence confirm consumer goes move number reports sentiment
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.
afraid fearful investors missing moves nearly seven violent weeks
As fearful as investors were nearly seven weeks ago, they're afraid of missing the bottom, so that's why you see the violent moves to the upside. But we still have to get through October,
ahead economic four market months move tried
Historically, the market has tried to move four months ahead of an economic recovery.
again center committee energy federal hikes judicious looks market move open rate side sure
I'm not sure how judicious it is, but the market looks like it will move energy to the side stage, while rate hikes and the Federal Open Market Committee again take center stage.
bad market move pricing spent time
The market is going to shrug that off. We spent so much time pricing in so much bad news, we can actually move on now.
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.