CVX

Fact: Gasoline use has crested the "hill" and is slowly waning.

Fact: Petroleum companies are diverting their output to chemical production and chemical production is in an over capacity state.

Today the market appeared to shift markedly away from the, heavily traded tech stocks and long-time market leaders to a more diverse basket. Oils were up (VLO, CVX) significantly and retailing rose as well from their down trodden pandemic positions (ROST, SKT).