Midstream is on pace for its best month ever after another big positive week. MLPs posted their fourth straight week with more than 7.5% gains, the best four-week stretch ever (off a low base). Midstream was positive in a negative week for oil prices, the broad market and utilities. This is a big win, but obviously, the YTD and YOY scoreboard tells a very different story.
It does feel like the institutional selling of MLPs and terminating of midstream allocations has paused in recent weeks. Replacing that selling has likely been value and retail investors