Pre-opening Comments for Monday April 20th U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points at 8:30 AM EST. Index futures responded to a return to closure of the Strait of Hormuz. WTI Crude Oil added $4.97 to $88.82 per barrel in response to the Strait of Hormuz news. […]

The Bottom Line Peace has “broken out” in the Middle East (at least temporarily). Equity markets around the world responded accordingly on Friday. Look for more good news this week! First quarter results released to date by U.S. companies generally have exceeded consensus estimates (notably by most major banks). Frequency of first quarter reports by […]