Lead idea
Oil price as key S&P swing factor
The discussion framed oil prices as the primary driver for the S&P's near-term direction, with a drop to $70-$75 seen as bullish and a spike to $150-$200 as a severe bear case. Osun Kwon (of Wells Fargo) made the case on Bloomberg Surveillance’s “Bloomberg Surveillance TV: September 24th, 2026”, aired 24 September 2026. If WTI falls to $70-$75, the S&P could potentially test $8,000.
Osun Kwon · BLOOMBERG SURVEILLANCE · “Bloomberg Surveillance TV: September 24th, 2026” · 4W AGO