Dec Mullarkey, head of investment strategy and asset allocation at SLC Management, says that earnings are strong and should keep the stock market rolling, but that signs of weakness shown by the bond market and concerns about how the war in Iran is impacting oil are going to be limiting factors. Mullarkey worries that a longer conflict could turn oil into a global crisis, where rationing and other measures could create more severe and long-lasting economic troubles. If, however, the situation can be resolved quickly, Mullarkey says the shadows over hanging the market should clear quickly, providing a real boost going forward.

In "The Week That Is," Vijay Marolia, chief investment officer at Regal Point Capital, looks at the bond market's sell-off from the end of last week, and while investors can cheer bond yields reaching their year-to-date high, he notes that higher rates could stunt economic growth and hurt the stock market's trajectory. The big thing he expects to impact markets in the week ahead, however, is Nvidia earnings on Wednesday, where he is expecting gonzo numbers but a disappointed market response, simply because investor expectations are sky high. Plus, he discusses community protests over data centers, noting that there are economic consequences buried under the headlines, as limiting data center growth could curtail capital expenditures by tech companies and limit the speed with which artificial intelligence can reach its potential.

Plus, David Trainer, founder and president at New Constructs puts Shake Shack back in the Danger Zone, noting that the stock — which currently trades in the $60 range after being as high as $144 in the last year — has a negative book value, and is using accounting measures that are clear signs of trouble.