We've had a relatively positive earnings reporting season, with most of it behind us, and the market has tried to price that in, so today may be a day where we try to sit back and digest some of our gains,
More Quotes from Arthur Hogan:
We're very oversold, corporate news is relatively good, consolidation in tech and telecom continues to go on, and bargain hunters are out there,Arthur Hogan
If you look at Fed funds futures for December, they are indicating that the Fed will take a breather at one of the remaining meetings this year. It's been one of the positives in the last week as it runs through investors' psyches.
Arthur Hogan
No one is willing to make a big bet two days in a row. That's typical of the year We've had a lot of great days, but no follow-through.
Arthur Hogan
The market continues to raise the level of tolerance it has for high energy prices.
Arthur Hogan
A lot of investors are in a wait-and-see mode until we get the Fed behind us next Tuesday,
Arthur Hogan
In terms of this earnings reporting season, more what people will be looking for is what the fourth quarter will look like. Nine out of the last 10 times, the fourth quarter has been higher, so we'll be playing close attention to any kind of guidance we get.
Arthur Hogan
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