Liz Ann and Collin examine how geopolitical tensions, rising energy prices, and shifting inflation expectations are driving sharp rotations beneath the surface of equity markets.

Stocks resumed their descent, on track for a fourth straight losing week despite oil falling on U.S. efforts to re-open the Strait. Treasury yields rose as rate cut odds dried up.

Major indices are on track for the fourth straight week of losses, and are now technically oversold, as the U.S./Iran conflict continues to dominate market psychology.

Light Sweet Crude Oil (/CL) and Brent Oil (/BZ) Futures hit their widest price disparity in eleven years.

Stocks resumed their descent, on track for a fourth straight losing week despite oil falling on U.S. efforts to re-open the strait. Treasury yields rose as rate cut odds dried up.

Investors' eyes are still locked on the Middle East conflict as surging oil prices weigh on markets. FedEx, Alibaba, and Accenture earnings are on deck.

A properly functioning Strait of Hormuz holds the keys to clarity around the growth, inflation, and market shock that has stemmed from the war in the Middle East.

The Fed is seen keeping rates paused at its meeting today, but investors await key economic and rate projections. PPI and crude are front and center early with inflation fears up.

The federal funds rate will remain 3.5% to 3.75%. The 'dot plot' still projects a single rate cut this year, and the Fed sees slightly stronger economic growth and inflation.