Stocks will probably hit a wall in the next couple of months, unless we move closer to the Goldilocks scenario.

The deal is a clear sign that it still pays to be overweight Mexico and we expect to see more upside.

If rates keep going higher, that will pose some problems to sizeable chunks of the stock market, particularly financials and other areas that are interest-rate sensitive.

If an Iraq war scenario were to unfold in the early part of the year, it would probably be welcomed by the market. Especially once victory is attained, which I think it would.

It's not unexpected. We think it's a healthy move.

By introducing noise, they hope the adjustment will be smoother.