Friday's CPI showing a slightly hot core number raised expectations for an interest rate between 85% to 90% in September, according to Collin Martin. If inflation remains stays stubborn, he makes the case the next hike will likely begin a hiking cycle. Alexandra Semenova turns to the "psychological levels" she believes lingers over investors, including crude oil prices hovering around $100. While the inflation picture remains heavy, she points to notable resiliency in stocks.