There are opportunities in fixed income, says Charles Schwab's Cooper Howard, "though we wouldn't get ahead of the steamroller" as risks remain for the bond market. He explains how the Fed shaping its interest rate cycle isn't necessarily a sign for bond bulls to run. Cooper tells investors to watch PCE as the key data point to watch this week. Michelle Gibley talks about the diesel price hikes driven by inflation woes have hit global economies, include Australia's shifting views on interest rates. The tentative U.S. export ban on diesel is something she sees having international trickle effects as well.