Art Hogan
Art Hogan
economy economy-and-economics few harsh past recent sends signal storms weathered
It sends a signal that the U.S. economy has weathered some pretty harsh storms over the past few years and in recent months.
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.
markets trading
The way the markets have been trading this year,
news sell tech type
It's a 'buy on the rumor, sell on the news' type of market, especially in the telecom and tech sectors,
brought economy-and-economics gains garner positive proponent talks terms wall
(Greenspan's) a proponent of what productivity gains have brought to this new economy, ... Of all the things he says, the least hawkish is when he talks about productivity and the new economy. In terms of Wall Street's reaction, I wouldn't say we could garner anything but a positive feeling.
employment higher hoping management number people rally report supply
A lot of that rally had to do with the ISM (Institute for Supply Management) number, particularly the employment component, with people hoping that in turn, Friday's monthly report will show a higher number of payrolls than what people are expecting.
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.
bets major people until waiting walking whatever
It's not a major deal, ... Whatever bets have been made most of the day (dried up) ? people are just walking away and waiting until tomorrow.
continue economy fed perhaps slowing
If we can continue to see (the economy slowing down) perhaps we're done after Tuesday's Fed meeting.
coming forward great news
I don't think we can look forward to any great news coming out in the September-October period.
durable gains goods hanging hold markets massive onto path report resistance weak
The markets are hanging on nicely, considering the massive gains yesterday, ... Clearly, if the market can hold onto its gains from yesterday, and through the weak durable goods report today, the path of least resistance is upside.
hold market rally start
I think this market can hold on to this rally and start trending higher.
acts again attract bond concerns higher interest markets money note rates side south stocks tax yield
Concerns about higher interest rates and the yield on the 10-year note may keep stocks on the south side again this morning. The higher yield ... acts as a tax on corporations, and it may also attract money to the bond markets from equities.
brings buyers capture clear companies data economic good great hurdles key market news passing recently saddam short
I think there's a lot of things going on, ... We had some good news from companies like Oracle, great economic data this morning, and you had the market clear two key psychological hurdles recently -- the Dow passing 10,000 and the capture of Saddam Hussein. All of that brings buyers back in for the short term.