Wall Street Breakfast Wall Street Roundup: war, oil, airlines, energy, AI, private credit
11 snips
Mar 13, 2026 Oil price swings and their shock to airlines and travel. Energy stocks rally as AI infrastructure boosts power demand. Banking strains surface from private credit worries. Markets weigh Fed rate odds and looming economic data. Corporate updates include logistics and tech earnings tied to oil and AI spending.
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Oil Spike Hits Airlines First
- Oil price spikes directly pressure airlines and related travel industries.
- Brian Stewart notes oil moved from low $60s in early February to mid $90s, sending airline ETFs down ~2% this week and individual names like Southwest down ~25% month-to-month.
Energy Stocks Ride Oil And AI Tailwinds
- Energy stocks have outperformed amid higher oil and AI-driven power demand.
- Stewart points to Chevron up 3% for the week and 28% YTD, with AI data center buildouts boosting sector attention.
Private Credit Markdowns Ripples Through Banks
- Private credit worries pressure big banks unevenly through marked-down loans.
- Stewart cites JPMorgan's private credit markdowns and month-to-date declines like Wells Fargo down 13% and Goldman Sachs down 12%.