Scott Wren Market Quotations

Right now, anything that points to a slowdown in the economy and is less inflationary is good news, ... The market wants data that's modestly positive.

The data drives home the fact that the economy is slowing and the market wants slower growth. Right now, the market is focused on what the Fed is going to do because the Fed's been a headwind for stocks.

Technically, today looks bad as far as market action goes. It reminds me a lot of late 1999 to early 2000 when people thought the good times would never end. Now they think the bad times are never going to end.

Technically, today looks bad as far as market action goes,

They'll raise a quarter-point today and in December, but it would not surprise us if there was some sort of language change that they're near the end of rate hikes, ... It will be a headwind for the market until we get some sort of indication about being at a neutral rate.