A couple of weeks ago during "Market on Close," I fielded a question about refining stocks like Valero (VLO), Marathon (MPC), and Phillips 66 (PSX). I basically said the price action represented a pause, because the market had mispriced the risk in the refined product market.
It's a supply-and-demand story I've also detailed in this ***** e with regard to the VanEck Vectors Oil Refiners ETF (CRAK), which is now up about 10% since I made those comments on the livestream, and spiking to new highs today.
As 30-Year Yields Spike to 5.31%, Our Top Chart Strategist Warns There's a Risk to Stocks: 'In a Word, Yes'
Cooler US Weather Forecasts Weigh on Nat-Gas Prices
Did the Commodities Complex See Turnaround Activity Overnight?
#market #stocks #marathon
It's a supply-and-demand story I've also detailed in this ***** e with regard to the VanEck Vectors Oil Refiners ETF (CRAK), which is now up about 10% since I made those comments on the livestream, and spiking to new highs today.
As 30-Year Yields Spike to 5.31%, Our Top Chart Strategist Warns There's a Risk to Stocks: 'In a Word, Yes'
Cooler US Weather Forecasts Weigh on Nat-Gas Prices
Did the Commodities Complex See Turnaround Activity Overnight?
#market #stocks #marathon
22 hours ago
