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Midstream stocks were mixed across categories, with Canadian midstream outperformance offset by MLP weakness, but overall finished positive for the week, helped by broad market strength and income stock strength. Performance divergence among midstream categories has gapped out, and appears to be at least partially driven by tax loss selling, where YTD losers are being sold.
Fabled MLP Divergence Continues
After 8 straight negative days, MLPs traded up on Friday, but still finished the week negative for an 8th straight week. 8 negative weeks is officially the longest streak of futility in the history of