Today is encouraging, but it's not particularly meaningful. We still have a lot of economic and earnings news to get through this week.

This is the wakeup call. We're going to go through a test here where we're going to have a period of turbulence in the market as we report second-quarter earnings and get forward-looking guidance for the third quarter.

This is the wakeup call, ... We're going to go through a test here where we're going to have a period of turbulence in the market as we report second-quarter earnings and get forward-looking guidance for the third quarter.

On balance, the earnings period so far has been very reasonable, even better than expected.