Stocks, especially utilities, roared back in a holiday-shortened week, helped by additional stimulus measures and signs of hope from daily COVID-19 statistics. Midstream stocks (and to a lesser degree MLPs) came along for the ride. The midstream performance hierarchy returned to trend this week with AMNA outpacing AMZ.
A potential OPEC+ agreement with or without participation from the U.S. was the hope that seemed to propel energy stocks this week. But the deal remained uncertain by the time the market closed Thursday and oil prices were down sharply on the week.
Midstream stocks basically kept