256 Quotes by Art Hogan
- Author Art Hogan
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A lot of people assume that what's bad for Microsoft is bad for technology, and that's what's hurting the Nasdaq,
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- Author Art Hogan
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I think this market can hold on to this rally and start trending higher.
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- Author Art Hogan
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Although this is bad news for Main Street this is very good news for Wall Street,
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I think this can sustain for the next day or two, at least until we get to all the earning and economic news in the second half of the week, ... Right now, the path of least resistance is still to the upside.
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A lot of that rally had to do with the ISM (Institute for Supply Management) number, particularly the employment component, with people hoping that in turn, Friday's monthly report will show a higher number of payrolls than what people are expecting.
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I think that turned (the market) around, ... There is no inflationary pressure and that was one of the major concerns.
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A lot of program selling kicked in, especially on the S&P 500 and those quickly turned to buy orders.
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I think that we just ran out of steam after a couple of hours. I am glad that we held on our gains from Friday. Oil will continue to be a driver, earnings will be a driver, and so will economics.
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You don't get a ton of people making huge bets ahead of the Fed meeting, ... There's little corporate news and no economic data, so I think you'll get some bargain hunters here.
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