This week's market could change dramatically by Friday. Key economic data includes durable goods orders, Fed minutes, GDP, jobless claims, personal income/outlays, CPI, and consumer sentiment.

Inflation will be on everyone's mind due to crude oil prices. Important to watch core PCE and CPI which exclude volatile food and energy components.

Geopolitics between US and Iran will dominate markets this week, with headlines driving sentiment. Mixed messages from Iran and rumors of Pakistan-mediated ceasefire negotiations.

Easiest way to judge market right now: crude oil moderately down, so stocks moderately higher. This relationship will drive markets until further notice.

Jamie Dimon's annual letter highlighted geopolitical risks in Ukraine, Iran, Middle East, and China, despite saying US economy is pretty strong.

This is a geopolitical and headline-driven market that can break at any moment. Need to stay alert for all things that could move the market.