I do think that guidance is going to be key.

I think it (the sell-off) was very overdone. For some of these companies, the fundamentals remain very strong.

I'm a bit worried about the consumer; that's one area that could be pinched.

My sense from just this brief analysis is we may avoid a rate hike in August. If you believe the economy is slowing down, we may be at the end of interest rate increases.

I think the worry is they are going to say something negative about the third quarter.

It seems to be more of the same.