Here's why surging oil prices may not derail the consumer trade

Wall Street is already looking beyond Big Tech quarterly results. Even though it's a major earnings week for the group, YieldMax chief strategist Mike Khouw lists consumer staples and discretionary names high on his watch list – especially due to the Iran war fallout. "The biggest impact to [the] consumer checkbook is going to be felt at the pump," Khouw, who's also a CNBC contributor, said on CNBC's " ETF Edge " this week. …