Investors still need to be careful.
Although the market is rallying a bit Wednesday after Tuesday's Italy-driven selloff, the situation still warrants caution. For one, top FANG stocks such as Facebook (FB) and Netflix (NFLX) are seeing slowing volume to the upside. Secondarily, bank stocks continue to be under pressure.
Plus, two great take aways from my conversation with Cisco ( (CSCO) ) Chairman Emeritus and former long-time CEO John Chambers.