The market has somewhat anticipated a half-point rate increase next week, so if they can see signs that the economy is slowing then the belief is that maybe the Fed will not have to do anything beyond the next meeting, and that maybe the worst of the rate raise is over.

As for the Fed, we look for 50 (basis points, a half-percentage point) next week.

The market is readying itself for a 50-basis-point rate increase. Shorter-term issues are reflecting that, while longer-dated bonds are gaining on expectations that next week's refunding announcement will be positive.

We're still a market that's correcting, that's going to be awfully selective and there's still a bias to the downside.

The market is now focusing back on earnings. We're almost through the earnings season, but it's disappointing, so the markets are going to muddle around here. We still might make a moderate recovery high in the rally then we're going to go back into the trading range and get through the next couple of months.

The market is having second thoughts about the need for further Federal Reserve rate hikes following Friday's weak employment report.