Bob Elliott
· Nonconsensus
· September 02, 2026 at 10:10
| Read on Substack ↗
Summary
The supplied excerpt is truncated almost immediately, so the article's full thesis is not recoverable. The opening sentence indicates the oil shock has receded as traders' main focus and that markets have returned to rich AI-valuation questions—specifically a 'double digit multiple on hoped for '29 revenue' for a name beginning 'Anthr…' (likely Anthropic). The headline implies oil is still a market-wide wrecking ball, but no complete argument or actionable market call is present in the provided text.
•The opening line says traders across most markets have, for the last few months, put the oil shock behind them.
•Market attention has shifted to high-multiple AI revenue expectations, including a 'double digit multiple on hoped for '29 revenue' for a company whose name starts with 'Anthr…' (likely Anthropic).
•The text cuts off mid-sentence after that reference, so no full thesis, forecast, or trade recommendation is available from the excerpt.