Art Hogan
Art Hogan
basis employment gains high kept levels mean next points quarter
If the high levels of employment aren't kept up with the high levels of productivity gains that we have been making, (the Fed) will probably need to do something pro-active and that would probably mean 25 basis points now and then something in the first quarter of next year.
gains hard larger remains trend whether
The larger trend remains to the upside, but its hard to say whether we'll see gains in the short-term,
folks offer seems side support
That seems to offer support to some of the folks on the hawkish side of the argument.
norm volatility
But it's more of the same unfortunately. Volatility is going to be the norm not the exception.
absolutely air breath fresh needed terrific
These are terrific numbers, absolutely great, a much needed breath of fresh air for the equities market.
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.
appeal blow clearly harmful microsoft negative severe tone
Clearly, this is a severe blow to Microsoft, ... I think upon appeal it may not be as harmful to Microsoft at the end of day as it appears, but it's clearly disappointing and it will set a negative tone to the market.
economic factors falling negative news oil positive war
There's been this tug of war all day between factors like falling oil prices, more negative than positive economic news and everything going on at GM,
ahead economic four market months move tried
Historically, the market has tried to move four months ahead of an economic recovery.
fed gave market percent
The market was up 5 percent and then the Fed gave us this gift.
concern fed higher leave meeting rates remains rhetoric thinking
I'm thinking the Fed will leave the rates unchanged, ... We've ramped up pretty higher into this meeting and my concern is the psychological letdown if the rhetoric remains strong.
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.
aggressive closing direction door fed interest keeping keeps monetary sector softness sort terms watch
The revisions are in the right direction, but there's still some softness in the manufacturing sector which keeps the Fed on watch in terms of interest rates, ... It's sort of an 'in line' number, but not really closing the door to keeping the Fed aggressive with monetary policy.
card credit environment except interest obviously retail sector
Obviously we're in an environment with the friendlier interest rates, ... The first sector that does well (after cuts) -- except for the credit card issuers -- is the retail stores.