The S&P 500 just pierced 7,000, marking a fresh peak. Goldman Sachs notched its second-best quarterly revenue ever. Morgan Stanley’s equities traders set a record. JPMorgan, Bank of America, and Citigroup all hit stock-trading highs. Wall Street’s five biggest banks eye more than $40 billion in first-quarter trading revenue—13% above last year. And yet. Americans hit a 74-year low in economic optimism. University of Michigan’s preliminary April consumer sentiment plunged to 47.6, down 10.7% from March. Worse than the 2022 trough. Gas pumps the pain. National average: $4.16 a gallon. The war in Iran shut key oil chokepoints like the Strait of Hormuz for months, sparking the worst energy crisis on record, per the International Energy Agency, as detailed in Fortune . Brent crude surged past $120 after the March 4 closure, stranding oil and LNG exports, according to Wikipedia’s summary of market data . Volatility pours cash into banks as clients trade frantically. But households feel the hit.…