Going into the close we've been holding on to a 1 point MLP index gain. Not much change in winners and losers although a few earlier losers have come off their lows like Williams Pipeline which was down a dollar and is now down about 20 cents. Transmontaigne is off its lows but still off about one.
Market just closed....a 1 point gain for the index on the finish. Global Partners (GLP) up 1.24 as today's big winner.
Friday is the last day of the first quarter and it has been a spectacular 3 months for MLPS which
Hard to argue with this chart which demonstrates how much this group has outperformed the S&P 500....up over 10% in q1 vs a flat s&p. And don't forget the fabulous yield near 6% on average verses the S&P yield of 1 and change%. I'm wondering what kind of end of quarter distortions will occur tomorrow and Friday.
No comments:
Post a Comment