Week Thoughts: Quiet Week, MLPs Flat for the Win

The MLP Index just barely kept its rally going for a third straight week with a 0.2% gain, but it fared much better than the S&P 500 (-1.0%).   More Washington BS seems to be the reason for the market's decline this week, and MLP strength is probably due to the combination of fear driving interest rates lower and a lack of significant MLP equity

Week Thoughts: Fed Speaks, MLPs Say “How High?”

MLPs beat other stocks this week, a welcome change from recent weeks.  The Alerian MLP Total Return Index was up 2.3%, but is still 3.6% below its May 22 all-time high.  The S&P 500 made a fresh all time high on Wednesday, but retreated in the back half of the week to settle up 1.3%.  Stocks were up and interest rates dropped on news that the Fed's

Week Thoughts: MLPs Still Out of Favor

MLPs on average were slightly above flat this week (+0.4%), while the S&P 500 was up 2.0%.  It was the second straight week that the S&P 500 beat the MLP Index by more than 1.5%.  The S&P 500 is within just 1.3% of its recent all-time high from early August.  The MLP Index is 7.5% away from its less-recent all-time high achieved on

Week Thoughts: Sluggish MLPs Fall Behind

The see-sawing week to week since June finally ended with a second straight losing week for the Alerian MLP Index.  But this time MLPs way under-performed the S&P 500, despite oil prices closing out the week at a new 52-week high (although natural gas and lighter NGLs were down sharply).  Rising interest rates likely had something to do with the MLP