Whilst the broader equity market saw a day of minor chop, there were pretty severe declines in most commodity related stocks. Chesapeake Energy (CHK), Freeport McMoran (FCX), and Transocean (RIG), settled lower by a very powerful -10.7%, -10.8%, and -7.1% respectively.
As has been the case for many weeks... it remains notable that the 'junk'.. 'trash' - or whatever you want to call them, stocks remain highly vulnerable.
Today.. with commodities under pressure - not least as the USD climbed for a fifth consecutive day, the related energy/mining stocks were severely impacted.
CHK, FCX, and RIG remain on my disappear list.. and I'd be very surprised to not see at least one, if not two of these companies on the pink sheets by the autumn.