Asian markets rallied sharply Monday (Nikkei record +1.38%, Kospi record +2.15%) on Iran's new Strait of Hormuz proposal, signaling risk-on flow into the U.S. session. With Fed priced 100% to hold this week and Mag 7 earnings starting (Tesla after close 4/27), momentum and positioning into the pivotal week favor a continuation higher off Friday's $656.42 close.