Macro Overview
September was a choppy month for MLPs. DWA MLP and Alerian indices were up over +4.0% each at one point in Sept. before settling for the month +1.0% and +0.7% respectively.
U.S. and global oil production have led recent headlines; attack on Saudi Aramco's oil facilities, OPEC produced the least amount of oil in a decade for September, U.S. output has fallen since setting all-time highs in April.
October macro to watch; Saudi/Iran tension & potential for U.S. involvement, U.S. bracing for a possible large stock market sell off, fragile global economy, U.S./China