We've got more ongoing focus on the bond yields. We've been in lockstep with it all week, and today is no different. There aren't any market-moving items due today, so we'll look at energy prices today for something else to drive the market.
More Quotes from Art Hogan:
I think the Fed's going to lower by 25 basis points and I think the trend is going to show stabilization and a pick-up in growth, ... The current data is not going to look terrific but there will be signs of stabilization.Art Hogan
The overall passion for Internet stocks is carrying over to the index itself,
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
We need to see more than the 1,000 jobs added last time. You want to see closer to 200,000 jobs added.
Art Hogan
During earnings, we're often in a trading range, and I think we still are right now. We've got 100 members of the SP reporting this week, a lot of economic news and the Fed tomorrow, so for the market to go sideways a bit is not a bad thing.
Art Hogan
If the high levels of employment aren't kept up with the high levels of productivity gains that we have been making, (the Fed) will probably need to do something pro-active and that would probably mean 25 basis points now and then something in the first quarter of next year.
Art Hogan
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Based on Topics: Energy QuotesBased on Keywords: lockstep, market-moving
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