JPMorgan Chase and other major banks report before the open, with PPI also due after a rally to begin the week. The S&P 500 Index is now above where it was before the war began.
There's a fight over war funding looming in Congress after a return from the Easter break, and uncertainty around the timing of the Fed chair confirmation hearing remains.
Stocks continue to march to the upside as hope around Iran peace talks, lower oil prices and a cooler-than-expected PPI report provide an assist to the bulls.
While infrastructure companies are not immune to a potential economic slowdown, they may provide a longer-term investment opportunity amid an uncertain macroeconomic backdrop.
While the temporary truce is welcome news, critical questions are still unanswered and the possibility for a wide range of potential outcomes for the Iran War remains.
PCE returns data to the front burner after stocks posted a robust rally yesterday in response to a fragile ceasefire. Strait traffic didn't immediately improve but oil plunged.
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