It sends a signal that the U.S. economy has weathered some pretty harsh storms over the past few years and in recent months.
More Quotes from Art Hogan:
Technology stocks typically tend to provide leadership in mid-cycle recovery, and I think that's where we are,Art Hogan
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.
Art Hogan
We've gone through a lot this week in terms of getting ready for the Fed, ... We've got some important news at 200 on Tuesday and obviously you're not going to make a huge bet in front of that. However, we seem to be in good shape for that announcement.
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
The company being such a marquee name, it may hurt other tech shares and push the Nasdaq down.
Art Hogan
The equities markets are very forward pricing mechanisms so the (corporate) news you're hearing has been priced into the market, for the most part. The news that you should focus on is what will be suggested in the commentary that comes out because we're trying to invest for fourth-quarter growth.
Art Hogan
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