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As we enter the halfway point of 2019, we comment on market performance, commodity prices, fundamentals, surprises and our energy outlook for the remainder of the year.
Trade Talks Weigh on Market Performance
The stock prices of publicly-traded companies in the U.S. energy sector had a strong start to begin the year. Through the first quarter of 2019, the U.S. energy sector as represented by the S&P Energy Select Sector® Index rose by 16% outperforming the S&P 500 by nearly 3%. Energy infrastructure as represented by the Tortoise MLP Index® performed even better, delivering a