His testimony not only played well to Congress but to Wall Street. So we should continue to get a little honeymoon spillover from that.

Certainly the members of Congress have other tools at their disposal.

The first quarter economy rebounded strongly, but it wasn't too strong in this case.

Investors remain very cautious. They're holding back, waiting for the Fed. We still have buyers in the market, looking very selectively to put money to work on pullbacks.

Good news on retailers should be a sigh of relief.

Right now, the market is going through rapid rotation and very little stability in the process of trying to find sector leadership.