Midstream captured more downside, selling off again this week but for a different reason. Last week, midstream was down alongside the rest of the stock market. This week the market finished flat, utilities finished sharply higher with a big interest rate drop, but midstream sold off again. This time midstream was slammed by an oil price collapse after disappointment from OPEC and Russia discussions.
Friday's 7.1% decline for the AMZ was its worst single-day performance in more than 4 years and the 4th worst day ever for that index. The worst days ever for each