- Many macro and political overhangs lifted by the end of Q4, with optimism about the re-opening economy driving Energy sector gains.
- Value sectors like Energy shined as the economy rebounded, and small cap and cyclical sectors became market leaders.
- With rising inflation, midstream equities offer an attractive potential income stream due to high yield spreads compared to most other asset classes.
- The Energy sector outlook is compelling as macro fundamentals strengthen and an infrastructure bill is discussed.
For further details see:
MLP Insights Q4 2020: Macro Improvements Drive Midstream