Bloomberg Open Interest 4/13/2026

Watch on YouTube ↗  |  April 13, 2026 at 16:26  |  1:28:06  |  Bloomberg Markets
Speakers
Chris McGratty — KBW head of U.S. bank research
Peter Faricy — CEO, GoFundMe
Michael Ball — Former NY Fed / Market Commentator
Lori Calvasina — Head of U.S. Equity Strategy, RBC Capital Markets

Summary

The episode focuses on market reactions to escalating U.S.-Iran tensions, specifically the planned blockade of the Strait of Hormuz, which pushed oil above $100. It covers Goldman Sachs' mixed earnings, highlighting a record equity trading quarter but a bond trading miss, and discusses broader investment implications for banks, equities, and the economy. Guests also analyze geopolitical risks and feature an interview with Slate Auto's CEO about a new low-cost electric pickup truck.

  • Oil prices surge above $100 as President Trump announces a blockade of the Strait of Hormuz after failed peace talks with Iran.
  • Goldman Sachs kicks off bank earnings with record equity trading revenue but a surprise drop in fixed income trading, sending its shares lower.
  • Analysts discuss investment ideas, with KBW favoring Citigroup and big banks, and Moneta recommending staying in U.S. equities and holding fixed income as a diversifier.
  • Market strategists debate whether the recent equity pullback was sufficient and the resilience of earnings to higher oil prices.
  • Geopolitical experts analyze the risks and potential outcomes of the U.S. blockade, including escalation and global economic impacts.
  • Slate Auto's CEO presents the company's plan to launch a $20,000 customizable electric pickup truck, funded by a recent $650 million raise.
  • A U.N. official warns that the Middle East conflict is pushing millions in developing economies back into poverty.
  • The European Investment Bank president emphasizes the need for Europe to invest in energy independence and defense capabilities.
Trade Ideas
Chris McGratty KBW head of U.S. bank research 16:17
Bullish on Citigroup and big banks.
Citigroup is a top pick due to its upcoming investor day being a pivotal moment for the company's evolution, expected growth of 10-11% this year, and its stock trading near tangible book value with potential for multiple expansion as returns improve towards the low-to-mid teens.
C KBE HIGH
Ethan Davitt 48:45
Stay in U.S. equities and banks.
Investors should maintain involvement in U.S. equity markets as there is nowhere else to be in a high inflation environment, with money market funds on the sidelines providing a bid; banks remain attractive due to strong balance sheets, diversification, and resilience through past storms, poised to benefit when rates eventually fall.
SPY KBE MED
Ethan Davitt 51:44
Hold fixed income as a diversifier.
A stable allocation to fixed income should be maintained in portfolios as a deflation hedge, ballast, income stream, and diversifier, despite not being tactically very attractive at the moment.
TLT MED
Peter Faricy CEO, GoFundMe 64:22
Slate Auto's affordable EV pickup promising.
Slate Auto's affordable, customizable electric pickup truck, priced in the mid-$20,000s, is positioned to succeed due to its simplified design with fewer parts, lack of a paint shop, and a production process that yields one base SKU, enabling profitability without reliance on government incentives or oil prices.
Slate Auto MED
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This Bloomberg Markets video, published April 13, 2026, features Chris McGratty, Ethan Davitt, Peter Faricy discussing C, KBE, SPY, TLT, Slate Auto. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Chris McGratty, Ethan Davitt, Peter Faricy  · Tickers: C, KBE, SPY, TLT, Slate Auto