Rogers, however, says he is still long the US dollar.

"It's been seven years, eight years since we had the last recession in the U.S., and normally, historically we have them every four to seven years for whatever reason—at least we always have," he told Bloomberg's Guy Johnson. "It doesn't have to happen in four to seven years, but look at the debt, the debt is staggering."

US senator Elizabeth Warren pressed FINRA chairman and CEO Richard Ketchum on what the industry-funded self-regulator is doing to protect investors, reports Mark Schoeff Jr.

"Under questioning by Ms. Warren, Mr. Ketchum said that Finra is addressing recidivism. But the answer didn't satisfy the senator," reported Schoeff.

"Our view is akin to dating vs. marrying. A lot of the action recently has been from folks that are simply 'dating' stocks—no long-term commitment, trying different things out, never settling on a set path—exciting at times but ultimately mostly exhausting and unsatisfying," write Liz Ann Sonders, Brad Sorensen, and Jeffrey Kleintop.