Art Hogan
Art Hogan
coming data earnings economic great marquee whether
We need a significant catalyst. Whether it be great second-quarter earnings or blowout economic data or some marquee firms coming out with a mid-second-quarter preview.
assume bad hurting microsoft people
A lot of people assume that what's bad for Microsoft is bad for technology, and that's what's hurting the Nasdaq,
bad further good lead market rates report spark top trading volatile wants
This may be a very volatile trading session. The market wants good numbers, but an exceedingly good report may lead to further rates increases, and that's not good for stocks. On the other hand, a bad report on top of disappointing earnings, could spark another sell-off.
bad behind earnings follow guessing numbers worst
It's earnings pre-reporting season, ... I'm guessing that a lot of the worst is behind us is going to come out in commentary. Unfortunately it is going to follow numbers that are just as bad as the first quarter.
bad market move pricing spent time
The market is going to shrug that off. We spent so much time pricing in so much bad news, we can actually move on now.
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The market has been able to stomach a lot of bad news -- we've seen disasters every day and the market has trended higher, ... This is day four, so it's only natural to want to take profits.
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.
bad care cuts door further news open positive rate relatively stability yesterday
The door being open for further rate cuts is bad news. We don't need further rate cuts, we need stability in the economy, ... We do care that we oversold yesterday and there's relatively positive news on the semiconductor front.
bad east handful major mid news obviously rainy violence
A handful of bad news for a rainy Monday. The escalation of violence in the Mid East is obviously a major issue.
bad corporate front good news time
that we've got more good news than bad on the corporate front for the first time in a while.
bad calls chatter conference forward guess market
I think the market has discounted a lot of the bad second-quarter chatter we're going to hear, and my guess is that conference calls going forward are going to be much more positive,
convinced excited future optimistic oracle rebound second
Just because Oracle is up and is optimistic about the future is not getting us excited about everything, ... Nobody's convinced there will be a rebound in the second half.
reflex seeing
It's an oversold bounce, ... After you get oversold, you have a reflex rally, and that's what we're seeing now.
borrowing continues corporate costs fear fed increase less piece speaks stocks stop wages
The increase in wages was the piece that really speaks to the inflationary pressure. The fear is that the Fed doesn't stop in March, that it continues through May. If corporate America's borrowing costs go up, that makes stocks less attractive.