RTLR - Market Suspended MLPs Canceled
What a week. The oil price collapse dragged MLPs and midstream stocks down again this week. The group finished down a staggering 30%, which leaves YTD returns in less than three months at negative 40-50%. The S&P 500 broke a few records and entered into bear market territory officially, which didn't help midstream.
Pain was everywhere, as investors sought liquidity where available, in a rush to the exits as we all prepare to shelter in place for a few weeks after a stunning round of postponements, suspensions and cancelations across America this week, for the