That gives us a lot of trading time, unfortunately.
More Quotes from Art Hogan:
This is not unlike the five percent to 10 percent correction a lot of people were calling for in the beginning of the year. You have an absence of corporate and economic news and clearly people are trying to rationalize valuations.Art Hogan
But with the specter of next week's Federal Reserve meeting looming, most gains came from options trading, said Art Hogan, chief market analyst at Jefferies Co. For the last two weeks, the market has been focused on the Fed, ... That's still the case today, and it's going to be the case Monday too.
Art Hogan
There is not a hand-in-glove relationship necessarily with the jobless claims and the payrolls number, ... We're still pretty upbeat.
Art Hogan
We bought on the rumor and are selling on the news, ... We've priced in the victory here. There's very low participation -- there's just no money in the game. Folks are starting to shift focus now.
Art Hogan
The concern is about how much the economy picks up and how quickly that translates into earnings growth for corporate America.
Art Hogan
It certainly doesn't hurt, ... It always helps to hear her say that she's still confident but it's 12 months out.
Art Hogan
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