For six months, oil was the chart everyone checked first. Every move mattered, and every headline about it moved markets. Then, almost overnight, nobody cared. @andyyy asked @jimiuorio whether the midterms are driving this market or whether it’s the AI rotation. Jim’s answer was clear. “I think the AI rotation and the AI wobble is by far the bigger deal.” What fascinated him was how fast attention shifted. As soon as worries about AI and lending markets showed up, oil dropped off everyone’s radar. “If all of a sudden the house is starting to burn in the AI lending markets, this is a far bigger issue.”