The revisions are in the right direction, but there's still some softness in the manufacturing sector which keeps the Fed on watch in terms of interest rates, ... It's sort of an 'in line' number, but not really closing the door to keeping the Fed aggress
More Quotes from Art Hogan:
I think we need to get through the options expiration tomorrow,Art Hogan
The equities markets are very forward pricing mechanisms so the (corporate) news you're hearing has been priced into the market, for the most part. The news that you should focus on is what will be suggested in the commentary that comes out because we're trying to invest for fourth-quarter growth.
Art Hogan
There's certainly not one thing you can point to and say 'this is because,' ... It's company by company.
Art Hogan
If we continue to see the trend slowing and we get better (economic) numbers, I think the Fed can take a pass at the end of the month and wait until August.
Art Hogan
That might be taking a little wind out of the sails.
Art Hogan
If they don't meet expectations, I think we're in trouble -- but I think the bar has been lowered across the board, ... It's more about the guidance and what they say about future quarters.
Art Hogan
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