Looking ahead to Wednesday's CPI, Liz Ann Sonders of Charles Schwab walks investors through her expectations of headline numbers and how they will "move the needle" on the Fed's interest rate outlook. When it comes to earnings, she warns of traders "sniffing out" weakness and punishing stocks that don't meet a bar constantly being raised. Michelle Gibley gives investors a global glimpse at Europe's quiet market rally that matches gains seen in the S&P 500 (SPX). She also poses the question: how long can South Korea's stunning earnings growth continue?