Archive

Week Thoughts: MLPs Bell-Weathered

25Oct
MLPs declined each day this week, finishing down 6.1% overall.  MLPs under-performed utilities and the S&P 500 (and certainly the NASDAQ) for the second straight week.  Oil prices were also down sharply this week, and finished outside of the recent range of $45-50/bbl that the market seemed to be settling into the last few months. A Dark

Week Thoughts: MLPs Pass Stall Test Ahead of Earnings

18Oct
Like the Governor of the great state of Texas and his premature tweet congratulating the Houston Astros, MLPs got a bit ahead of themselves the last few weeks.  MLPs were due for a pause after the miraculous bounce off the bottom and oil-fueled follow-through last week.  Unlike the Astros, however, MLPs regrouped from the 2 day pause and resumed their

Week Thoughts: MLPs Follow Through with Best Week in 2+ Years

11Oct
The MLP Index posted a 6.1% gain this week, its best week in more than 2 years, best since the first week of 2013.  Investor fears are tentatively melting away, but they haven’t yet been replaced by greed.  Since the bottom on 9/29, MLPs have been positive 7 out of 8 days, rising 24.1% over that span.  But, the Index would need to rally 46.4% from here

Week Thoughts: MLP-90X Extreme Squeeze

04Oct
After the dust settled on the craziest week of MLP price action since late 2008, the Alerian MLP Index finished the week up 3.9%, breaking a four week losing streak. Each day of the week saw the index move more than 3.5%. It opened with two 5%+ decline days; only the third time ever the index has fallen 5%+ on consecutive days. That was followed by