High-Yield Energy Bonds Are Collapsing

As of today, high-yield energy bonds are down by 10% from the levels of the beginning of the year, and energy stocks are following this trend

Do you want to know where energy stocks in the US will go ? Business Insider has a nice chart to help you:

This chart is telling us one simple truth: it is very likely that energy stocks will fall down for a while, until the disconnection between the two indicators is gone.