Archive

Week Thoughts: Higher Highs for Holidays

24Dec
MLPs posted a 3.9% gain this week, their biggest week in more than 3 months. MLPs were up each day this week and each of the last 7 trading days.   The streak has put some distance between the 300 level of the AMZ, which would now have to fall 5.4% to cross back below 300. MLPs look like they will finish the last 9 days of the year strong for an

MLP Week Thoughts: Beginning to Look a Lot Like Christmas

18Dec
MLPs crossed back over “the 300” two more times this week, but finished on the good side and +1.2% on the week.  Large cap MLPs beat smaller MLPs as evidenced by the spread between the AMZ and its equal weight cousin.  Interest rates pushed higher, but yield-based equities found support while the S&P 500 traded sideways. Oil prices bounced

Week Thoughts: MLPs Lag Despite Right Stuff

11Dec
MLPs rallied this week, but underperformed the S&P 500 (more on that below).  Winter showed up in force, sending front month natural gas to its highest level in years. Interest rates rose a bit and may have held MLPs back, but doesn’t seem like it when utilities nearly kept pace with the broad market. PEOTUS Donald Trump is doing his best to

Week Thoughts: MLPs Can’t Win For Losing

03Dec
MLPs declined for the week overall after serious de-risking Monday and Tuesday, followed by one glorioius day on OPEC Wednesday, then we got choppy trading the rest of the week.  MLPs finished the week 2.1% higher than Tuesday’s close and finished positive on Friday, but the sector has underperformed other commodity beta stocks in the short sample size