The bulk of the warnings season is out of the way and I think there's some optimism that the Nasdaq was able to hold 2,000 on Friday.

A modest pullback in warranted.

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.

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

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.