No one thinks the Fed is going to raise rates, so to what avail does a benign PPI number do to the market,
More Quotes from Art Hogan:
Yesterday was all about valuations and bargain hunting, ... It's not just about bargain hunting today.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
The overall passion for Internet stocks is carrying over to the index itself,
Art Hogan
I think this can sustain for the next day or two, at least until we get to all the earning and economic news in the second half of the week, ... Right now, the path of least resistance is still to the upside.
Art Hogan
This may be a very volatile trading session. The market wants good numbers, but an exceedingly good report may lead to further rates increases, and that's not good for stocks. On the other hand, a bad report on top of disappointing earnings, could spark another sell-off.
Art Hogan
We are starting to see (economic) stabilization and, I think the fact that the Fed didn't make a move speaks to that.
Art Hogan
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