Week Thoughts: Essential Assets

It was a rough week for the market and the world at large, but midstream came through unscathed, with midstream overall trading up more than 1% in a week that saw a 1.9% decline in the S&P 500, a 5% drop in utilities, and a 11bps move up in the U.S. 10-year rate. The S&P 500 has dropped 4 weeks in a row.