Veytics Intelligence
2026-09-22 · CNBC

Sullivan: Wall Street admits it doesn't know where oil is headed. There's one stock they do agree on

GET THIS IN YOUR INBOX FIRST: Subscribe to CNBC's "Power Insider" newsletter. The three hardest words for anyone on Wall Street to utter. Knowing things — or at least knowing enough to make a solid estimate — is one of Wall Street's core jobs. Analysts, bankers and traders have access to the best information and systems. They are paid very handsomely to know more than we do. So it's refreshingly honest to hear someone on Wall Street admit they don't know. Which is exactly what the team at JPMorgan just did. They write: "For the first time since the start of the Iran conflict, we don't have a baseline view. We simply don't know how to model the endgame. At the onset, we thought we did. We assumed there were economic red lines the U.S.

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