I think the Fed's going to lower by 25 basis points and I think the trend is going to show stabilization and a pick-up in growth, ... The current data is not going to look terrific but there will be signs of stabilization.
More Quotes from Art Hogan:
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.Art Hogan
No one thinks the Fed is going to raise rates, so to what avail does a benign PPI number do to the market,
Art Hogan
Hogan also likes Intel for a position in the semiconductor industry. Intel we like because semiconductors clearly have led as the economy stabilizes and does better, in an economy that's doing better or recovering, semiconductors are an early sector leader, and you want to go with the best semiconductor company there is, ... So Intel is an obvious choice as a recovery play.
Art Hogan
Some people are taking advantage of the run-up we've had in the last couple of days in tech land to regroup a little bit,
Art Hogan
This is a delayed reaction to the Fed's rate cut and it was good news, ... It looks like investors are participating.
Art Hogan
It certainly doesn't hurt, ... It always helps to hear her say that she's still confident but it's 12 months out.
Art Hogan
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