Archive

Week Thoughts: MLPs Stumble

23Feb
After 6 straight positive weeks that took the Alerian MLP Index on a price basis near its all time high, MLPs were unable to breakout and the index tumbled 1.5% this week.  The S&P 500 (-0.1%) continued to gain on MLPs with a second consecutive week of out-performance.  Large cap diversified MLPs (that dominate the Alerian MLP Index) were down more

MLP Week Thoughts: (almost) Everything is Awesome

16Feb
The MLP Index was up again (6 weeks in a row now).  This time, the S&P 500 beat the MLP Index.  The Alerian is very close to its all time high reached back in May of 468.24.  The Alerian MLP Total Return Index, however, made 4 new all-time highs this week, on each day after Monday.  I point that out and chose the above title (a reference to the song

Week Thoughts: MLPs Power Through Ex-Dates

09Feb
The MLP Index was up for a 5th straight week, matching the S&P 500's positive week on a total return basis.  The S&P 500 was up 0.8% and MLPs were up 0.3%, but +0.9% counting distributions.  Strong MLP earnings and generally positive 2014 outlooks helped MLPs trade well even with a slew of ex-distribution dates, which are typically a drag on MLP

Week Thoughts: MLPs Win January, Legacy Intact

02Feb
The MLP Index outperformed the broader stock market this week, trading up 0.6% compared with a 0.4% decline for the S&P 500.  Distribution ex-date season has begun as well, which helped added another 0.6% to the Alerian MLP Index total returns for the week.  It was the third straight week that MLPs were up and the S&P 500 was down, which would be