Record oil exports could drive U.S. diesel and gas supply shortages just as summer travel starts

Refineries are expensive and time-consuming to build. The current spreads reflect the shortage of refining capacity and the end of the Iran crisis won’t change the pricing dynamic that quickly.

Liz Ann Sonders, chief investment strategist at Charles Schwab, looks at the market takeaways from earnings and the performance of Mag Seven stocks this year and says the market “is fine” if interest rates stay where they are. (Source: Bloomberg)