Good Friday morning.
We have the energy markets focusing on a tropical depression in the Eastern Carribbean which may or may not become a tropical storm which may or may not become a hurricane, which may or may not head into the Gulf Of Mexico next week, which may or may not threaten the oil and nat gas supply. So those markets are of course sharply higher. National Hurricane Center link here for all the latest info. Tropical Storm Debby is an Atlantic fish storm and of no consequence.
Meanwhile Valero LP has two coverage starts, one from Kaufman and one from Key Banc...both at buy and thats good enough for 60 cents of upside. MLPS are higher as a group following energy and a stable 10 year at 4.80. Holly Partners is the biggest winner so far up 80 cents but its been under pressure all week long.
Beach calling with big waves today and 80 degree water...see ya'll this afternoon.