We're seeing a nice handful of earnings today. That is going to be the driver. The other driver, or the thing that's not going to hold us back this quarter, and I would argue has held us back the last three quarters, is the consensus is the Fed is done for the year, ... We don't have a credit tightening cycle to go through and we're seeing terrific earnings. So I would argue that the focus returns now to earnings growth, revenue growth, the strength of corporate America and not necessarily the macro-economic themes like monetary policy which have been on the forefront for the last couple of quarters.
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When you have a low volume Friday selloff, you'll sometimes see the bargain hunters come back in Monday.Art Hogan
The company being such a marquee name, it may hurt other tech shares and push the Nasdaq down.
Art Hogan
This is more of a technically-driven rally. If the news is positive for the rest of the week, we should trend higher, but not enough to set any new record highs.
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
The rumors of the Dow's death has been much exaggerated,
Art Hogan
We opened up the floodgates of bad news, ... The good news is, a lot of this is behind us, and we probably overreacted on the downside.
Art Hogan
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