Archive

Week Thoughts: MLPs Extend Hanukkah Rally

28Dec
MLPs shrugged off another week of declining commodity prices to finish higher for the second straight week.  The Alerian MLP Index (AMZ) was up 1.3% overall, while the Equal Weight version (AMZE) finished the week down 0.6%.  In the 8 trading days starting 12/16 (the first day of Hanukkah this year), AMZ has gained 9.1%. Natural gas did its best to

MLP Week Thoughts: Sigh of Relief

21Dec
Relief of a potential floor in oil’s decline sparked a rally in MLPs this week. After three straight declining weeks capped by the worst week of the year, the Alerian MLP Index bounced 4.6%. MLPs beat the S&P 500, but they have fallen way behind for the year. 2014 will extend the MLP losing streak vs. the S&P 500 to two years, which has never

Week Thoughts: Bidless Oil Leaves MLPs Wounded

14Dec
MLPs made it 3 straight weeks of declines this week and has now declined 7 out of 11 trading days since the OPEC meeting.  The MLP Index was down 9.4% this week, and is now negative for the year after peaking at +21.4% YTD total return at the end of August.  Just like last week, MLPs were crushed Monday and rallied Tuesday, but unlike last week, that

Week Thoughts: MLPs Processing a Crude Reality

07Dec
MLPs recorded their second straight week of declines, with the Alerian MLP Index (AMZ) down 1.5% this week after last week’s 6.0% decline.  Following a 4.4% washout Monday, MLPs bounced higher in each of the next three trading sessions to claw back to flat for the week, but then reversed on Friday when the index was down 1.6%.  Despite the drama, the