If it didn't happen in the first quarter, it's going to have to happen at some point. If consumer spending or investment spending was a lot weaker than expected, it'd be a lot more troublesome.

Consumer spending numbers continue to be very good and manufacturing continues to surprise to the upside, which all suggests the economy has a lot of momentum right now.

The big picture for the consumer still looks good.

The consumer is doing quite well. The job market is doing quite well.

I just don't think the consumer is going to roll over on the back of a cooling sector.