Glossary

WTI

US benchmark crude oil grade, priced alongside Brent as a global oil-market reference.

Bull 2Bear 1

Predictions & track record (1)

Awaiting grading The market didn't lose $900 billion to the Iran war on July 23. It lost $797 billion to AI-capex fearsCheck whether the S&P 500 and Nasdaq 100 recover this single-day loss within a week, or whether the selloff deepens as the Iran war continues.

Bear The market didn't lose $900 billion to the Iran war on July 23. It lost $797 billion to AI-capex fears The Kobeissi Letter (@KobeissiLetter) · 2026-07-23
Bull Oil crossed $100 again. The same war already took it to $126, then gave back 38% of that in ten weeks The Kobeissi Letter (@KobeissiLetter) · 2026-07-23
Bull Brent crude jumps above $98 a barrel after Houthi forces strike two Saudi oil tankers, as US crude tops $90 for the first time since June 11 The Kobeissi Letter (@KobeissiLetter) · 2026-07-23