Art Hogan
Art Hogan
certainly company point
There's certainly not one thing you can point to and say 'this is because,' ... It's company by company.
claims relationship
There is not a hand-in-glove relationship necessarily with the jobless claims and the payrolls number, ... We're still pretty upbeat.
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.
bet meeting since waiting
Why would you make a big bet before a meeting you've been waiting for since the end of June?
anyone slow
When that happens, we typically have a slow day. You'd be hard-pressed to find anyone making big commitments.
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.
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.
news positive relatively
We had some relatively positive news for the markets, the first positive news we've had for some time, ... Plus, we are very oversold after ( Wednesday's ) action.
coming might numbers surprise upside wages
We've got some big numbers coming out (Thursday). Any upside surprise to wages might put a little spook in the market.
banking bankrupt business concerns confidence entire exposure global investment level rather remain space
With the financials, that entire space has been tarnished by a confidence crisis. Also, on a more fundamental level rather than a psychological level, there's no investment banking business going on right now. The concerns remain about the banks' exposure to bankrupt telecoms WorldCom and Global Crossing,
claims days economic few good nervous number people rate starting today
We've had a few good days and the only economic number we had today was the jobless claims, ... People are starting to get nervous -- if the jobless claims look like that, what will the unemployment rate look like, and that's the driver.
economic fed meeting news next path resistance
We've got a lot of economic news between now and the next Fed meeting in May. The path of least resistance is higher, but there's a bumpy road.
bargain friday hunters low volume
When you have a low volume Friday selloff, you'll sometimes see the bargain hunters come back in Monday.
concerned data economic larger picked saying spending sun
What Goldman is saying about Sun and EMC is IT (information technology) spending hasn't picked up that much, ... But we're more concerned about the economic recovery, so the data will probably play a larger role.