Art Hogan
Art Hogan
claims relationship
There is not a hand-in-glove relationship necessarily with the jobless claims and the payrolls number, ... We're still pretty upbeat.
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.
bit perfection
We've priced to perfection, so you're going to have a little bit of a retrenchment,
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.
action data economic guess last momentum month positive stream strength week
My guess is we're going to have some positive action after last week's selling. We're in the last week of the month and the last week of a quarter, so there's some momentum there. If the stream of economic data is as positive as it's been, we're going to see some strength from that.
avail benign fed number raise thinks
No one thinks the Fed is going to raise rates, so to what avail does a benign PPI number do to the market,
argument bad certainly kick market news next people season week
Next week we really kick that (warnings) season off. There's going to be more Gateways out there, and that's not going to help. People will make the argument that a lot of that bad news has been priced into the market already, but it certainly wasn't yesterday.
bets concerned economy people slowing
Obviously, we are still concerned about how much the economy is slowing going forward. There are a lot of people who aren't making bets on this marketplace.
companies dependent dragging drivers lower main oil price
One of the main drivers for the Dow and S&P has been the price of oil; that's been dragging on the companies that are especially dependent on lower oil prices,
bounce darn gets gotten sentiment street wall
Sentiment on Wall Street has gotten to an 18-month low. When sentiment gets this bad, you know the bounce is pretty darn close.
(On) any pullback I think you're going to see some support.
ahead anniversary behind bound building continue date september until
Nervousness is building ahead of the one-year anniversary of September 11, and it's bound to continue until we get that date behind us,
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.
driver economic main news oil price since
The price of oil will be the main driver this week, particularly since there is so little economic news.