I'm thinking the Fed will leave the rates unchanged, ... We've ramped up pretty higher into this meeting and my concern is the psychological letdown if the rhetoric remains strong.
More Quotes from Art Hogan:
The market had a lot of bad news to tap dance around today, ... We had bad corporate news for some of the Dow stocks ... an FBI warning and geopolitical concerns with Iraq.Art Hogan
There's been this tug of war all day between factors like falling oil prices, more negative than positive economic news and everything going on at GM,
Art Hogan
We didn't see any changes in his game plan and that is clearly good news for stocks at this juncture.
Art Hogan
We've had a lot of bad news today -- the economic data, Cigna and the insurance sector is doing poorly, a bunch of companies missing estimates or warning -- but this is a market that really doesn't want to sell off,
Art Hogan
The retail stores are doing well. Consumers remain confident, continue to be out there spending their money, ... A lot of money was created with lower interest rates and refinancing -- things of that nature. So, consumer confidence has stayed very high and retail stores, that have actually done it right, have been doing pretty well.
Art Hogan
It's another piece of the ongoing trend of a slowing economy, ... The credit tightening cycle is nearing an end and we have the equity markets celebrating that.
Art Hogan
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