Even though the Fed has tightened, it's not done a whole lot in the way of weakening the housing market.

The game wasn't as close as the score indicated. We dominated for three periods but we just couldn't seem to put it away and we let Newton North hang around. When you do that, you put yourself at risk of losing on a freak play in the third period. Luckily, we were able to pull it out.

You might see some relief (on Wall Street) after the G7 meeting.

Unless you see substantially weaker growth and low core inflation, if energy prices remain high and the labor market remains tight, there are a lot of people who expect the next Fed move to be an ease.

I think it was likely to falter because of the amount of people who bought in anticipation of the approval.

There was a lot of disappointment about revenue. It's especially true for technology stocks - if you don't have revenue growth, people start to question (value), and 10 percent doesn't cut it.