Good morning investors! Things are once again looking difficult as Iran and US are yet to find a solution.
Today we cover:
What to expect this week
The Iran situation
Tax refunds
📊 Economy and News
What to Expect This Week
Here’s what you need to keep an eye on:
Monday, April 13
Goldman Sachs (GS): Q1 earnings before the market open, with conference call at 9:30 a.m. ET.
Focus: Trading activity, mergers & acquisitions (M&A), and IPO trends.
Tuesday, April 14
JPMorgan Chase (JPM): Q1 earnings at 7 a.m. ET, conference call at 8:30 a.m. ET.
Albertsons (ACI): Fiscal Q4 results before the bell, conference call at 8:30 a.m. ET. Investors will look for signs of consumer behavior amid higher inflation.
JPMorgan CEO Jamie Dimon recently warned of a potential economic “tipping point.”
Wednesday, April 15
Bank of America (BAC): Q1 earnings and conference call at 8:30 a.m. ET.
ASML: Q1 results and conference call at 8:00 a.m. ET. Watch for updates on semiconductor equipment demand outside of China.
Thursday, April 16
PepsiCo (PEP): Q1 earnings at 6 a.m. ET, conference call at 8:15 a.m. ET. (Activist investor Elliott holds a large stake.)
Friday, April 17
Taiwan Semiconductor (TSM): Q1 results and conference call at 2 p.m. ET. Strong AI chip demand expected to remain a key theme.
Global hits:
Foreign investors dump Indian equities at record pace on energy shock.
US March budget deficit rises slightly to $164 billion, war outlays delayed.
China offers incentives to Taiwan following opposition leader’s visit.
New leaders: Trump ally Orbán acknowledges defeat as Hungary’s Tisza nears landslide victory. Elsewhere, Djibouti president wins election with 97.8% of vote.
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📈 Stocks
S&P 500 6,816.89 (-0.11%)
DJIA 47,916.57 (-0.56%)
NASDAQ 22,902.90 (+0.35%)
BRENT CRUDE 102.34 (+7.43%)
* Prices as of Apr 13th, 12:20 AM UTC
The Iran Situation
President Donald Trump announced on Sunday that the U.S. Navy will begin blockading the Strait of Hormuz after marathon peace talks with Iran in Islamabad, Pakistan, collapsed without agreement.
Vice President JD Vance, who led the U.S. delegation, said the negotiations failed because Iran refused to provide a firm commitment to abandon its nuclear weapons program. The 21-hour talks broke down over key issues, including uranium enrichment, regional ceasefire terms, and control of the strategic waterway.
Trump posted on Truth Social that the blockade would start immediately, targeting ships entering or leaving the strait, particularly those linked to Iranian ports. U.S. Central Command clarified that the action, set to begin Monday at 10 a.m. ET, would focus on vessels calling at Iranian ports and coastal areas but would not block traffic to non-Iranian destinations. Trump also ordered the Navy to interdict any ships in international waters that paid tolls to Iran.
After the news, U.S. futures jumping nearly 8% above $104 per barrel and Brent rising over 7% above $101.
Iran warned it would view military vessels near the strait as a ceasefire violation. Regional efforts continue to revive talks in the coming days.
Interesting: The average refund amount for individual filers was $3,462, up from $3,116 about one year ago. That’s a change of 11%.
💵 Personal Finance
Many Gen Z Adults (18-28) Still Rely on Parents for Financial Support
According to the 2026 Wells Fargo Money Study, 64% of parents with Gen Z children aged 18-28 say their kids still depend on them for money, housing, or other financial support. More than half (56%) of these parents report that the assistance is straining their own finances.
Experts say parental support can help young adults achieve long-term independence — especially for finishing school or managing high living costs — but it must be handled carefully to avoid relationship problems.
“Treat it as a plan, not a lifestyle,” advises certified financial planner Douglas Boneparth.
Key Recommendations:
Clarify terms upfront: Agree whether the help is a gift or a loan, set clear repayment details (if applicable), and decide how long the support will last.
Put it in writing: Document agreements, such as rent payments or loan terms, to prevent misunderstandings.
Set a visible finish line: Share your budget, savings goals, and timeline for independence with your parents.
Schedule regular check-ins: Review progress monthly or every few months, showing updates on income, job search, and debt reduction.
While accepting help can sometimes trigger feelings of shame or concerns about privilege, experts emphasize that strategic parental support often enables future self-reliance.
“Past support enables present and future independence,” says sociologist Elena van Stee of Harvard University.
💰 Be a Better Investor
“Every time you borrow money, you're robbing your future self."
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