Earnings continue to grow faster than prices, something Dryden Pence sees as a headwind for the greater earnings picture across Wall Street. As for the energy trade, he explains why he's bullish on Exxon Mobil (XOM) and Chevron (CVX) long-term as the U.S.-Iran war continues to ignite production pressures. Dryden also weighs two questions: when will the conflict end, and when will the Strait of Hormuz fully open up to trade again?