If the economy slows, sectors that do the best are health care, energy and consumer staples.

Manufacturing is doing pretty well.

While household balance sheets remain precarious, corporate balance sheets are much improved over several years ago, and profit growth is accelerating. This could support continued strength in business investment.

If you weren't into oil last year, you missed the whole rally.

The rally in stocks is expected to move higher near term, given the weight of technical evidence and the likelihood that first-quarter earnings will not disappoint.

This win shows progress. We don't want to get ahead of ourselves, though. A lot of people picked us to finish last in the conference, so it would be nice to prove them wrong.