Few people thought that he would be that explicit. We're getting closer to the end of the Fed interest-rate hikes.

We're coming to the end of the Fed interest-rate tightening cycle. That usually isn't a bad time to start looking.

We've seen political crises before rise and then cool off. The hope is that we would also see some cooling off of the Iranian situation.

The biggest reactor to the productivity numbers will be the Fed. Productivity has been the safety valve for inflation.

My sense right now is that we're in a trading range market. I would be looking for a pullback. I don't see any major catalysts that would propel stocks on the upside. We have nervousness over the situation in Iraq, and I'm frankly concerned about reports out of Saudi Arabia.

My sense right now is that we're in a trading range market. I would be looking for a pullback.