The base case for a bull run and crude oil prices coming down center on the Strait of Hormuz staying open, says Kevin Mahn. Both are at risk with tensions flaring up once again between the U.S. and Iran. Kevin also outlines headwinds on the interest rate front, pointing out a lack of cohesion on FOMC members and their forward expectations. On equities, he explains why he believes his firm's "AIR 7" that includes names like Nvidia (NVDA), Alphabet (GOOGL), and Micron (MU) have outperformed the Mag 7.