James Demmert looks ahead at the key movers he sees affecting Wall Street this week as a new earnings season begins. He sees Wednesday's CPI print the most important metric beyond earnings. He expects an in-line or slightly hot number, something he believes will give the Fed room to hold interest rates. On the earnings front, James calls TSMC (TSM) and ASML (ASML) the biggest reports to watch. After a "sleepy AI trade," James makes the case both will wake bulls. JPMorgan Chase (JPM), Goldman Sachs (GS), Wells Fargo (WFC) and other big bank earnings will give a pulse on U.S. consumers.