RTLR - Midstream Checked Market Unbalanced
Midstream stocks declined for a 6th straight week, this time joined by a pretty scary broad stock market decline on Friday. Broad market fear appears to be joining the energy sector antipathy and midstream apathy we've seen all summer. Only utilities escaped the week unscathed, in the ongoing flight to safety that has driven outperformance for treasuries and utilities all year.
The MLP Index has fallen 12.8% since peaking 6 weeks ago and is just 1% away from being flat on a price basis for the year. The AMZ at -8.1% return so far in