Verified InvestingPublished 2026-09-23
“A New AI Killer For Stocks, Oil Bounces With Yields, But Markets Remain Bullish!”
$PSXBearish
PSX is expected to decline significantly in the near term.
Either way, that's bearish for the names like a Valero. And if we look at Valero, look at the drop that we've seen the last couple days. First of all, look at the extension. I still think there's more downside on Valero.
Again, we'll see if it happens today with oil bouncing, but in the near term, I do think Valero, PSX, MPC, they all should come down much, much much more.