Coming Week: New Reasons for Stress

After a week filled with leaked reports and conjecture about what would ultimately be said, results from the government's stress tests of U.S. banks were finally released and weren't worse than expected.

With that out of the way, the coming week should be a relatively quiet one, right?

"Probably not," said James Paulsen of Wells Capital Management. "The stress tests were a sideshow. The best thing about them is that they're done. We didn't learn anything we didn't already know."

The stress test results may be in the rear view mirror, but there will likely still be plenty to discuss. Federal Reserve Chairman Ben Bernanke will be speaking Monday evening at the Atlanta Fed on the Supervisory Capital Assessment Program.

Bank stocks will also be closely watched to see whether they will give back any of the gains they notched over the last week. Bank of America (BAC Quote) surged more than 60% over the five sessions, and Citigroup (C Quote) was up 38%.

Even some of the smaller banks rallied over the last week, with Fifth Third Bancorp (FITB Quote) and Huntington Bancshares (HBAN Quote) more than doubling over the five days.

Paulsen argues that the rebound in the financial markets isn't attributable to the stress tests alone.

"A lot of the stuff that is happening in the financial markets is because Wall Street is smelling an economic bottom," he said. "That's bringing bids back into the market place for not just equities, but for commodities and bonds."

Robert Pavlik, chief market strategist with Banyan Partners, says that as noise about the financial sector quiets down, the focus will turn to Treasuries, oil and natural gas.