Quotes from the news wire:
The global demand for energy product is stronger right now than global supply, and that's without fear that we have of disruption of that supply. If we have a major disruption that's going to be a negative for economic activity.
There was so much information over the course of the weekend, it's almost impossible to understand exactly what this means for the earnings power of Art Hogan companies. ... As things have gotten more complicated, tensions have increased, it's hard to know exactly how you land as an investor.
We’re going from what had been a very catalyst-heavy period over the last few weeks to a catalyst light period... expect to see the market grind sideways, perhaps slightly higher as we look ahead to what the Federal Reserve might deliver at Jackson Hole.
I don’t think that that’s a deal breaker. I just think it (consumer sentiment) has moderated enthusiasm today after having a pretty darn good week of moderate gains.
I think what is really happening, this is a market that fell into a bit of complacency about the fact that this coronavirus was largely contained in China and China was doing a lot about it.
This is how corrections start, i think what is really happening, this is a market that fell into a bit of complacency about the fact that this coronavirus was largely contained in China and China was doing a lot about it.
We make this mistake every four years by saying this is definitely what is happening -- and then it doesn't, let Goldman Sachs not get ahead of ourselves. It's too early. The players are just warming up.
The fact we are having rotations is healthy because that just means we are not glued to what has been working in 2019, as consumer discretionary goes through that mini-rotation, it probably comes out of it and next week is probably that catalyst to at least see what has been overdone on the downside here.
If you back the lens up and say 'How has consumer discretionary done for the whole year and when did it top out?', it topped out right when we started to cycle into the things that hadn't been working.
A crescendo of bad news can move an economy driven by the consumer, is this something that causes people to put off buying that sweater, fridge or car ?
If you inject uncertainty during back-to-school and holiday shopping, that will have a drag on the economy.
Historically, recessions occur in reaction to a monetary policy mistake. This is the first time we may have to deal with a trade policy miscalculation.
The escalating The US-China trade war will certainly be bad for the The Chamber of Commerce economy. How bad is almost impossible to calculate.
We're in a waiting game, neither side wants this to continue much longer. The Chinese economy is slipping and the president wants a victory. Both sides are motivated to resolve this.
We've gotten a hodge-podge of mixed messages from people in the same administration.
Today is a microcosm of what we've had all week : mixed messages, every message has contradicted itself.
This kind of washout doesn't get accomplished in a day. Even though yesterday felt traumatic, it tends to be a three-day process.
Considering the magnitude of headwinds that we face in trade, it appears as though it has been relatively 'extra Dow' and that's because Dow companies are more heavily impacted due to strong dollar and trade talks.
You've got a little bit of a shift away from the macro concerns which will continue to be a headwind for this market until we get some answers on trade. Right now the focus is on M&A.
We had a significant run up of late and it takes pretty significant catalysts to move us higher.
That will be bullish for any of the suppliers to ZTE, but more importantly bullish for any deal stocks waiting for regulatory approval.
Operationally, Wells Fargo can recover, but reputationally and how a billion dollars will weigh on them - only time can tell.
Found on Reuters 5 years ago
At these valuations, the market is desperate for a catalyst to move higher.
The economic data until last week had been pretty decent but since the GDP numbers came out, we're seeing holes in the argument that the second half of the year is going to be better.
We saw a significant beat from JPMorgan and that's helping the psychology of the market, with the weaker dollar helping commodities and better-than-expected economic data, the market is taking the path of least resistance with an upward bias.
The old high has been resistance and if you break it and see earnings growth and relatively good guidance, people will probably try to get in front of that.
The equity market is telling you the second quarter economy looks better than the first quarter.
The selloff last week was an over reaction and the attempted rally was too fast and furious, i think the compression of time and speed of Wunderlich Equity Capital Markets causes the pendulum to swing too far on every move we make.
It is widely expected that the Fed is going leave rates unchanged today. I would be surprised if we do a whole lot of anything until we get through June 23 when we get the Brexit vote.
The financials are outperforming the broader index simply because they had underperformed it in the past four days.
The Fed is trying to walk a fine line here.
Investors have gotten into a wait-and-see mode ahead of the The Fed decision, globally, things have gotten much better since the last meeting and I think the market is being too complacent regarding a dovish tone from The Fed.
You want to see sector rotation into the laggards, what we've seen is enough good news to say we're not going into recession. This is a short-term top in a longer-term bull market.
They are looking expensive whether you look at it on a multiple basis or a yield basis.
Stability in that asset class( oil) for a period of time will allow for the correlation to break down.
It's not about oil being a barometer of the global economy, a lot of it has to do with psychology.
The services (report) is what you want to watch.
Unfortunately, the machinations and volatility in oil is going to continue to be the tail that wags the dog.
We are also seeing a start to the conversation around production cuts in oil, but there's some way to go regarding that. It's a mixed bag for commodities.
We are seeing some bargain hunting but it isn't enough as yet to reverse the negative sentiment.
In this environment, one of the things you're not going to get from CFOs on the conference call is robust guidance because there's so much uncertainty.
I think it's important to watch how the day plays out, we've seen this happen three days in a row where you get some positive action on the open and that fades pretty quickly into the day.
We've seen this happen three days in a row where you get some positive action on the open and that fades pretty quickly into the day.
I think it's important to watch how the day plays out.
It's pretty locked and loaded that Yellen's going to raise rates for the first time in almost 10 years. I think the most important part will be how the Fed explains the view of the economy in 2016.
It's pretty locked and loaded that Yellen's going to raise rates for the first time in almost 10 years. I think the most important part will be how The Fed explains the view of the economy in 2016.
Often times investors will look at the commodity complex as a barometer for the global economy. Couple that with the fact that we broke support in the S&P 500.
The Fed is pretty locked in regarding a hike next week and any fall in commodity prices will be seen as transitory factors.
Atlanta Fed is pretty locked in regarding a hike next week and any fall in commodity prices will be seen as transitory factors.
Look at the manufacturing numbers. That was clearly a disappointment, yet the market ploughed right through. We've got a market that seems to have found a path of least resistance to the upside.
The over-arching trend here is you have to be in the right place, teen retailers are having a harder time, they seem to be losing out to the fast casual names like Forever 21 or H&M.
Lower gas prices continue to add to the wallet and the consumer's level of confidence, the over-arching trend here is you have to be in the right place.
The uncertainty has certainly increased.
The market is in a relief rally after five days of selloff and as investors rebalance their portfolios.
Investors are in wait-and-see mode.
You're clearly in a wait-and-see mode. The market picked a direction and it's hard for anyone to get in the way, that's where the low volume matters.
( It's) just investor confusion, they are trying to figure out what the slowdown in China means to the global economy.
They are trying to figure out what the slowdown in China means to the global economy.
(It's) just investor confusion, they are trying to figure out what the slowdown in China means to the global economy.
That's manifesting itself in lower oil prices.
The largest issue is certainly the fact that we don't know how much the Chinese economy is slowing, that's manifesting itself in lower oil prices.
I think the Fed is desperate to raise rates this year and I think it will happen in September. The only fly in the ointment is the inflation rate which is below what the Fed wants.
The M&A environment is ripe for more deals and at the end of the year you will see a lot more deals than what we saw last year.
Earnings have been fairly good but the problem is that we haven't seen organic revenue growth and are also seeing tepid guidance from companies in face of the strong dollar.
I don't expect anything different out of the FOMC meeting today. Investors tend to take a cautious stand ahead of such meetings and that's why we aren't seeing too much a rally today.
Financials have been leading and dividend payers have sold off. That trade probably unwinds if there is a surprise.
The market seems to be pricing in a possibility, overpricing, a Greece exit.
The retail sales (data) is just another piece of the economic puzzle and one that investors have been waiting for, the Fed will definitely get one rate hike under its belt this year, and another one next year.
If interest rates were to go up sharply, then yes, the markets are overvalued, but that's not going to happen.
There is a consensus that the Fed probably doesn't move until September and I don't think that will change today.
Tomorrow's report would have to be a monster month for us to believe June is back on the table.
That drastic, draconian move in bonds and violent updraft in oil are settling a little bit and that's helping us focus on stocks.
We're very much in a wait-and-see mode until 2.30 p.m. tomorrow.
That adds to the concern the euro zone is facing an economic slowdown and some of the weaker members have more debt than they can handle.
To the extent that you got dueling positive monetary policy statements in two places that we were concerned about a slowdown in economic growth, that's very good, China's is more substantive because they are actually doing something.
Quote of the Day Today's Quote | Archive
Would you like us to send you a FREE inspiring quote delivered to your inbox daily?
Use the citation below to add this author page to your bibliography:
"Art Hogan Quotes." Quotes.net. STANDS4 LLC, 2023. Web. 30 May 2023. <https://www.quotes.net/authors/Art+Hogan+Quotes>.
Share your thoughts on Art Hogan's quotes with the community:
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
You need to be logged in to favorite.