Bob Iaccino of Path Trading Partners breaks down the morning's market activity as a strong Nasdaq leads equities, though small caps back off their highs. He analyzes the commodity space, highlighting WTI crude oil's jump past $70 following U.S. and Iranian military strikes over the weekend. Iaccino also previews potential Supreme Court rulings that could impact the Federal Reserve's independence and details the upcoming slate of global economic data, including U.S. home prices, consumer confidence, and JOLTS job openings.