Week Thoughts: Are we There Yet?

15Apr
The glorious upward trajectory promised by eleven straight positive Aprils has yet to materialize.  MLPs dropped 1.8% this week, underperforming REITs and utilities (both positive, helped by dropping interest rates) and the S&P 500.  The positive backdrop of continued oil price strength and declining interest rates were overwhelmed by a large equity

Week Thoughts: Market Lacks, MLPs Luster

08Apr
MLPs ticked up 0.8%, beating a flattish market in a week where not much moved, including utilities and interest rates.  Commodity prices did move up, helping nudge MLPs higher and keep momentum from last week going.  Oil broke through $52.00, finishing the week on a high note, but still down 2.8% for the year.  The broad market was eerily quiet this

Week Thoughts: MLP Comfort Zone

02Apr
MLPs caught some positive oil correlation this week, bouncing back 2.1%.  MLPs finished the week/month/quarter strong with a 1.4% gain Friday.  MLPs beat the S&P 500 and utilities for the week. There’s a sappy quote I came across on the internet about comfort zone from an unknown source: “A comfort zone is a beautiful place, but nothing

Week Thoughts: Pending Catalysts

26Mar
MLPs finished the week negative overall, but showed relative strength against the broad market and energy stocks (but not against utilities). Oil prices drifted lower on an unwind of long oil bets, driven by concerns U.S. production growth is too much, raising uncertainty about the next OPEC meeting, even though its 2 months away.  Without much

Week Thoughts: Get Pain While You Wait

18Mar
MLPs made it two straight negative weeks with a 0.9% decline.  Oil prices finished up slightly on the week, stepping back from the abyss with a bullish inventory report Wednesday.  We got an oil relief rally, a FED relief rally, even a Canadian jacket company IPO.  Still, MLPs failed to attract broad-based buying.  NGL prices were down sharply, perhaps
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