The market's noting that earnings are good, the economy is doing well, and yes, interest rates will rise, but not dramatically. Interest rate sensitive stocks are starting to come back after falling in the last few weeks.

I think we're in a bottoming process and that once we get through this, we could see the market rally again. We may see a few more days of selling or of jagged trade, particularly as we have a lot of economic news to get through. But I'm actually feeling more optimistic than I have recently.

We've got this oversold market that can't find a reason to bounce.

Tomorrow is an important day in terms of the jobs report. We need to hit it or beat it, or we could see some real selling.

A 50 basis point rise would be good for the economy, but not the stock market.

I think we need to get through all the earnings of the next two weeks before we can determine where the market is headed. I think the market is going to be hard-pressed to make new highs with the overhang of geopolitical issues and concerns about interest rates.