MLP Week Thoughts: Super Bounce Paints Quarter Green

MLPs bounced back this week after 2 straight negative weeks.  The Alerian MLP Index was up 4.7%, the most since the first week of 2013, but the Index would need to go up another 1.6% to get back to its May 28th recent high.  US 10 Year rate held firm this week below 2.5%, which helped the MLP Index vastly outperform the broader stock market, despite

Week Thoughts: MLPs Drained

MLPs dropped big again this week (-2.3%) and the Alerian MLP Index closed the week slightly higher (at 436.4) than its recent low hit on June 5 (436.1).  But for much of the day Friday, MLPs were much lower than they finished, with the MLP Index hitting 428.9 (down 1.7%) around 12:45pm.  Some of the swings that followed were wild (we'll look at a few

MLP Week Thoughts: The Thin Red LINE

The MLP Index was down slightly less than stocks overall this week, but was out of synch with the broader stock market.  The Alerian MLP Index was down the first 2 days of the week, then up 3 days in a row to close out the week down 0.7%.  MLPs diverged from the S&P 500 after on Wednesday, when the S&P 500 was down 0.8% and MLPs were slightly

MLP Week Thoughts: Its Not a Too-mah

This week's employment release was better than expected, sending stocks higher, and saving MLPs them from a second straight weekly decline.  The MLP Index got back some of what it lost last week with a 1.4% gain, but is still 4.0% from its May 22 peak.  Just about all of its week over week gains happened Friday, when the index was up 1.4%.   Yield on

Week Thoughts: Rising Rates Spook MLP Bull

MLPs had their worst week of the year (MLP Index down 4.3%)  to cap their worst month of the year (-2.1%, first negative month).  Interest rates appear to have been the trigger (10-year treasury rate spiked 12 basis points on Tuesday, up to 2.16% by Friday's close), but its my contention that many marginal MLP owners were waiting for a reason to sell, and