MARKET SNAPSHOT
Futures are pointing modestly higher this morning — a tentative bounce after one of the most punishing weeks of 2026. The move higher comes despite a weekend of war escalation: Iran-backed Houthi militants in Yemen joined the conflict, additional U.S. troops were deployed to the region, and President Trump told the Financial Times he would prefer the U.S. to control Iranian oil “indefinitely.” Oil surged on the news. The futures recovery likely reflects a technical relief bid after five straight weeks of losses, combined with quarter-end rebalancing flows — portfolio managers realigning allocations as Q1 closes tomorrow.
- S&P 500 Futures — ~6,452 | +0.62% | Tentative bounce