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.
data economic major move number
It's a lagging number that will have two revisions. There were no major surprises. Economic data will still move this market, but this isn't one of them.
continues moved news path perspective resistance upside
Microsoft's news was put into perspective as the day moved along. The path of least resistance continues to be to the upside for this market.
afraid fearful investors missing moves nearly seven violent weeks
As fearful as investors were nearly seven weeks ago, they're afraid of missing the bottom, so that's why you see the violent moves to the upside. But we still have to get through October,
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.
activity billion boon companies economy good great moves
It's a good day for the market, ... It's a great boon for the economy when you've got more than $70 billion in M&A activity (mergers and acquisitions), and these companies are making these moves because they think the economy is getting better.
ahead economic four market months move tried
Historically, the market has tried to move four months ahead of an economic recovery.
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.
december economy fed knows looks short
The Fed disappointed us short term, ... The economy looks better than it did in December and the Fed knows more than we do.
direction downward headed lower push stocks
It doesn't take much to push stocks lower in this market, ... Stocks have been headed in a downward direction for a while.
fourth quarter signs
I think the fourth quarter is going to be great, ... We just don't have signs of it yet.
matter
Clearly, we will see stabilization. It's just a matter of when.