The S&P 500 futures currently trade 15 points above fair value.
Oil continues to tick higher this morning amid heightened geopolitical uncertainty. Axios reports that President Trump is considering a massive joint military campaign with Israel against Iran despite Iranian mediators pushing for a ceasefire.
Crude oil is currently up $1.49 (+1.8%) to $83.98 per barrel.
Separately, Financial Times reports that The White House is expected to impose tariffs on dozens of countries this week to replace the tariffs that were invalidated by the Supreme Court.