Latest / Market Pulse by Orestes Capital
July 27, 2026 - Oil Crashes, AI Cracks: The Spending Boom Hits a Wall
Oil is collapsing—but instead of igniting another risk-on rally, the move is exposing a deeper fracture beneath the market’s AI trade.
Investors are beginning to question whether record-breaking AI spending can continue delivering returns fast enough to justify today’s valuations. As energy prices fall, growth expectations weaken, and enthusiasm around massive technology capital expenditures begins to fade, the market’s most crowded leadership trade is showing signs of exhaustion.
In this episode of Market Pulse, we break down what the oil crash is signaling about inflation, interest rates…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.