Week Thoughts: The More Things Change...

MLPs lag the market in down oil week

Oil prices dropped, energy stocks lagged, and while midstream held up better, the group overall was down. Growth stocks pushed the S&P 500 higher, and trade tensions seemed to die down. Midstream earnings were mixed on the week, with a few key misses among NGL players and stability among natural gas names that keeps the focus on bearish outcomes of lower oil prices on expectations of slowdown in liquids-rich drilling and more global supply.