Good Morning!
If you're like memyou have that post 4th of July hangover...mine is from having to drive in post fireworks traffic in NYC last night at midnight. Part of me is still on the road somewhere.

Anyway this morning we have the market reacting to North Korea firing their cute little missles into the Sea of Japan getting everyone totally pissed off. So futures are 5 points lower. Energy Complex is slightly lower this morning...nothing specific going on their. In corporate developements we have Valero LP (VLI) doing its IPO and beginning the process today. Buckeye Partners (BPL) announces it its increasing the size of its offering. Those 2 and Atlas Pipeline Partners (APL) have underperformed the MLP index in the last 6 months as the chart above shows. All three have been growing distributions during this period...so i am theorizing that this must be the overhang on these 3 issues.

Nothing of consequence so far in the upgrade downgrade department. So lets see where the open takes us as trading gets underway.