Art Hogan
Art Hogan
bargain friday hunters low volume
When you have a low volume Friday selloff, you'll sometimes see the bargain hunters come back in Monday.
clearly effect equity exaggerate low strange summer tends vacation volumes
I think we're clearly in summer vacation mode, so we're going to have low volumes -- which has a strange effect on equity valuations and tends to exaggerate moves,
low next players sleepy volumes
There are sleepy volumes and low participation. There are no players around. Next week, unfortunately, is going to be the same.
almost approach data economic news positive quieter reaction terms today tomorrow volume
Today wasn't much of a day. There was a lot of positive news and the economic data was good, but the reaction was a very quiet, almost muted one. Tomorrow may be even quieter in terms of volume as we approach the end of this holiday-shortened week.
advance advantage cash investor investors levels pick record sentiment shifting starting taking volume
Investor sentiment is shifting and volume levels are starting to pick up, ... Investors were just taking advantage of yesterday's one-day record advance to take some cash off the table.
action either fed guess higher meeting remain start tuesday until venture volumes
But if I had to venture a guess I think we'll start trending higher up until the Fed meeting on Tuesday and then really take off. Unfortunately, the volumes remain anemic here so there's not a whole lot of action going on either way.
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.
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.
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.