CCLP - MLPs Leveling Up
MLPs had their best week since…last week, up each day this week for another 4.6% since last Friday. It was a fifth straight positive week, the first such streak since April 2016. The Index is now 19% higher than the end of November recent bottom.
MLP strength this week was helped by higher oil prices, higher broad stock market, and what I perceive to be a combination of fresh fund flows and rotation from other income-oriented stocks like REITs and utilities after the tax bill has stimulated a hunger for growth or a fear of