Futures Fall as U.S. Threatens Strait of Hormuz Blockade, Earnings Season Starts
Schwab Network
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April 13, 2026 at 01:16 PM UTC
Bearish
95% Confidence
Watch on YouTube
Key Points
- US-Iran negotiations broke down, leading to a planned US naval blockade of Iranian ports starting today at 10 AM ET.
- Energy futures, particularly crude oil, are spiking significantly, while equity futures for S&P 500, Nasdaq-100, and Dow Jones are falling.
- Goldman Sachs (GS) reported Q1 EPS of $17.55 (vs $16.30 est.) and revenue of $17.23B (vs $16.97B est.), but shares are lower due to a 10% decline in FICC revenue and a conservative management outlook.
AI Summary
The video discusses falling stock futures and spiking oil prices due to escalating US-Iran tensions, including a planned naval blockade of Iranian ports. Goldman Sachs' Q1 earnings beat expectations, but shares are down due to a decline in fixed income, currencies, and commodities (FICC) revenue and a conservative outlook. The analyst highlights significant downside tail risk for the broader market.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bearish | 95% |
| Consensus | Bearish | 95% |