I'm not sure how judicious it is, but the market looks like it will move energy to the side stage, while rate hikes and the Federal Open Market Committee again take center stage.
More Quotes from Art Hogan:
The equity market is a very forward pricing mechanism, ... I think what's going to happen to Microsoft happened over the past few weeks. The damage has been priced in.Art Hogan
The fourth quarter is when we'll see the impact of rising interest rates, higher energy prices, ... I would say eBay is the biggest piece of the problem this morning. It's a household name and it's adding to the sentiment we're not going to have the best of fourth quarters.
Art Hogan
We still have a flood of money coming into technology at the expense of these old-economy stocks. If you look at the sectors that make up the Nasdaq they are sectors that are the hottest in our economy.
Art Hogan
I think there's going to be ongoing euphoria about the Microsoft decision. It's not just Microsoft it's sort of a pro-business decision.
Art Hogan
It's not a major deal, ... Whatever bets have been made most of the day (dried up) people are just walking away and waiting until tomorrow.
Art Hogan
If the payrolls number is anywhere near in line with estimates, we're not going to see much of a stock reaction.
Art Hogan
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