Billionaire investor Paul Tudor Jones says he is long oil and that crude could rally another $20 to $25 a barrel, though he expects stocks to 'hate it.' He suspects President Donald Trump could take a tougher approach to Iran after the Nov. 3 midterm elections, with WTI trading near $94 on Tuesday. Jones sees a strong fourth quarter as possible based on midterm patterns, but compares today's AI-driven market to 1999 and warns 2027 could be very challenging as IPOs and insider sales add to share supply. Goldman Sachs forecasts $600 billion in new stock issuance next year and $1.7 trillion in previously restricted shares becoming eligible for sale, but it expects $1.7 trillion in corporate buybacks and believes the rally will continue.
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Related tickers and likely impact
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/12/2026 | 778.10 |
| Change that session | -0.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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