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Scott Wren  Quotes
Most companies want their stock to be appealing to a wide audience.

—Scott Wren

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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.

—Scott Wren

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Economy
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The economic news has been very good, but the Fed remains somewhat of a mystery. It’s the same problem that’s really held us back all month and it’ll continue to be a problem until we...

—Scott Wren

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Mystery
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It just hammers home to the Fed that the economy is slowing and they need to stop raising rates.

—Scott Wren

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Economy
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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...

—Scott Wren

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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...

—Scott Wren

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Economy
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There’s not a lot to trade off. You’re going to see just some back and forth trading.

—Scott Wren

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Trade
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There will be some uncertainty and this thing will rally. It will be the wall of worry rally. I feel pretty comfortable about that.

—Scott Wren

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Uncertainty
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The attention focuses on higher profile misses, and we had a couple early in the season. Since then we’ve had some good numbers.

—Scott Wren

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Earnings have been much better than we expected, so I’m guessing the Nasdaq situation is purely a result of Dell cutting its outlook going forward.

—Scott Wren

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Today’s market action is driven by the slower GDP growth rate. Despite oil being higher, I think the GDP kind of overruled everything and just makes the market feel better about what the Fed is...

—Scott Wren

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Action
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Energy prices really have fallen to a distant second as far as concerns for the market. The big concern is whether the Federal Reserve is going to keep raising interest rates and, if they do,...

—Scott Wren

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It’s ugly out there, but I don’t think its going to get much worse going forward.

—Scott Wren

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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...

—Scott Wren

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Action
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There seems to be a lot of uncertainty about what the Fed is going to say. It seems a little early, given the meeting is next week, but I do think people are just waiting...

—Scott Wren

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Uncertainty
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This is really what we needed to keep this rally going. The Fed seems to be recognizing that there may come a time to stop raising rates, and that’s very good for stocks.

—Scott Wren

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