Will there be a deal between the struggling country and its negotiators? Anna Markowska, chief U.S. economist at Societe Generale, said, "There's a good chance that they do finally come to some sort of agreement by the end of the month," she said. She put the odds at 60%.
Assuming this happens, it opens the door for the Fed to increase interest rates in September, she added. As for a Greek exit from the eurozone, she put those odds at 20%. Even if that ended up being the case, it would take time for the two sides to unwind Greece's inclusion in the eurozone, during which time the European Central Bank would likely continue funding the country.
A 20% probability of a Greek exit seemed pretty low to Brian Kelly, founder of Brian Kelly Capital, who puts the odds at closer to 50-50. It would be economic and political suicide for Greece's government to give into the demands being asked, he added.
A Greek exit could weigh on U.S. stocks, something Fed Chairwoman Janet Yellen said at Wednesday's press conference. She says the move would impact the European economy, which could then weigh on the U.S. economy, Kelly added.
If it does weigh on U.S. stocks, the pullback will only be brief, according to Pete Najarian, co-founder of optionmonster.com and trademonster.com. He still likes financial stocks, especially on a pullback.