Arthur Hogan
Arthur Hogan
continue energy faces hard market oil prices rally starting week
I think one of the conundrums the market faces is that we continue to see energy prices go higher. It's going to be hard to get the market to rally much this week with oil starting at $68.
concerned good week
We've had a very good week and there's been some profit-taking. It's nothing to be concerned about.
digest earnings energy forecast fourth guidance three week
The three things we'll digest this week are earnings and guidance for the fourth quarter, and the long-term forecast for energy prices.
add coming consensus energy figure major market numbers prices responding swing terms volatile week
The market has been responding well in terms of energy prices coming down, but those are very volatile numbers week over week. Any major swing from the consensus figure can add a lot of volatility.
fed funds last meetings positives remaining runs week
If you look at Fed funds futures for December, they are indicating that the Fed will take a breather at one of the remaining meetings this year. It's been one of the positives in the last week as it runs through investors' psyches.
across certainly colder effect energy weather
We've had colder weather across the country, so we're back on the energy watch, and that's certainly going to have an effect on stocks.
earnings economy fact fed positive remaining robust vigilant
The fact that the Fed is remaining vigilant is positive for earnings growth. They see a robust economy and they see that continuing.
bounce fed knowing past three
You look at the past three days, we're down, up and down again. Without any real catalyst, and really, without knowing what the Fed will do, we're going to bounce around here for a while.
bargain continues corporate hunters news relatively tech
We're very oversold, corporate news is relatively good, consolidation in tech and telecom continues to go on, and bargain hunters are out there,
afternoon bargain clearly horrible hunting later nice terribly until
We had a terribly horrible day going on until the later afternoon when we had a nice turnaround, ... There's clearly some bargain hunting going on.
behind digest earnings market positive price relatively reporting today tried
We've had a relatively positive earnings reporting season, with most of it behind us, and the market has tried to price that in, so today may be a day where we try to sit back and digest some of our gains,
continue facing market path running short tough unless
Right now, for the short term, the market is probably going to continue on this path for a little bit, ... Unless we get some dissipation of headwinds facing the market, we have a tough running ahead.
bet days great typical willing
No one is willing to make a big bet two days in a row. That's typical of the year: We've had a lot of great days, but no follow-through.
beat depending pennies people
Depending on how you look at it, (Citigroup's earnings) only beat by 2 cents, ... It's got to be better than two pennies to get people that excited.