There was little need for Midstream and MLPs to show off their recently acquired defensive skills this week. U.S. stocks had their best week of 2019, trading up on hopes of future interest rate cuts to save the day. U.S. midstream corporations (AMUS +2.9%), especially those in the S&P 500, outperformed MLPs and Canadian Midstream.
Commodity price concerns shifted from oil prices, which stabilized after reached a 4 month low on Wednesday. Concerns have shifted back to NGL and natural gas prices, which both hit YTD lows this week. While midstream companies and MLPs have