SOTS 2nd Hour: Stocks Reverse Steep Losses on Iran Headlines. Does China Have an Edge over U.S.? Private Credit Fears Persist 4/2/26

Stocks rally on new reports that Iran is drafting a protocol with Iran to oversee the Strait of Hormuz. Then has President Trump given China a leg up ahead of the countries meeting in May? Stephen Roach, the former Chair of Morgan Stanley Asia makes the case. And fears in the private credit market drag on, with Blue Owl limiting redemptions from several funds. Squawk on the Street Disclaimer