Month: January 2021

Midstream indexes followed the S&P 500 lower this week, but MLPs outperformed factoring in distribution ex-dates from this week.

Midstream traded down each day this week and finished down 3-6% across the different indexes, reversing some of the early 2021 gains.

Energy stocks, midstream stocks, and MLPs ran back last week’s action with another big week. Like last week, it was 4 straight green days followed by a weaker Friday.

Midstream broke a 4-week losing streak and rang in the new year with a bang, rallying 7-8% across the midstream indexes. The big week was just the 3rd best week for MLPs since the vaccine news turned things around in early November.

The short final week of the year was good for most stocks, but Midstream stocks were left out again. The S&P 500, utilities and infrastructure stocks traded up, along with oil and natural gas prices.