The focus for this week should be on energy. Even with the recent drop in oil, consumer spending has begun to signs of slowing down. Crude oil spiked 20% during the second quarter but eventually settled back ~$50 last week. The decline brought down the price of energy related stocks as concerns of revenue levels and impairments costs bring uncertainty. The strong U.S. dollar and increasing inventory levels weigh heavily on the price of oil. Energy profits are expected to fall 50% from last year's estimates and investors can certainly earnings forecasts to be revised downwards again for the rest of 2015.