In a negative week for the stock market overall, midstream outperformed, led by MLPs and U.S. corporations, which finished essentially unchanged. Canadian midstream pumped the brakes this week, adjusting to the reality of the latest oil pipeline project delay. Interest rates were lower, supporting utilities, which outperformed.
Most Texas school district are on Spring Break this week, which means many of the energy executives, bankers, and attorneys with school-age children are taking the week off as well. Historically that has made for slower transaction activity. Also, earnings season is over. That combination means company-specifics may