Bear market 'groundhog' still sees his shadow -CIO

STORY: Wall Street rallied on Monday, led higher by technology stocks in a session that likely marks the calm before the storm in a week jam-packed with high profile earnings reports and back-end loaded with crucial economic data.

Investors are all but certain the Federal Reserve will implement a bite-sized interest rate hike next week even as the U.S. central bank remains committed to taming the hottest inflationary cycle in decades.

"Things might start looking better as the Fed maybe just has to go once or twice more [with rate hikes] and the market might have to go down one more time," said Demmert.