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.
More Quotes from 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
The concern (about ECB rates) is that the firmness we've been seeing in the dollar is because they were raising rates and the Europeans weren't, ... If they start raising rates, that firmness evaporates, and our investments don't look as attractive as they did last week.
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
This is definitely good news, ... Six out of the previous eight PPI reports have been higher than expected but the corresponding CPI reports have not. That means that we're not seeing the creeping effects of inflation passed on to the consumer.
Art Hogan
Technology stocks typically tend to provide leadership in mid-cycle recovery, and I think that's where we are,
Art Hogan
The markets are hanging on nicely, considering the massive gains yesterday, ... Clearly, if the market can hold onto its gains from yesterday, and through the weak durable goods report today, the path of least resistance is upside.
Art Hogan
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