SteelPath May MLP update and news

SteelPath May MLP update and news

April MLP performance appeared to reflect improving sentiment as COVID-19 containment efforts are set to ease in many locations. Furthermore, midstream investor anxieties may have been calmed by efforts to improve free cash flow generation through capital spending cuts and, for some, reductions to distribution payouts. MLP Market Overview Midstream MLPs, as measured by the […]

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Tactical Asset Allocation Views – May 2020

Tactical Asset Allocation Views – May 2020

Our macro regime framework continues to signal that the global economy and all its major regions and countries are in a contraction regime. As widely expected, the economic data are beginning to reflect the disruption caused by quarantines and lockdowns, resulting in a significant deterioration in our leading economic indicators, which we expect to continue […]

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Residential REITs: A potential bright spot in challenging times

Residential REITs: A potential bright spot in challenging times

The coronavirus outbreak and OPEC price war has punished risk asset prices, and real estate investment trusts (REITs) are no exception.  Looking ahead, when markets stabilize, we believe new and persistent economic dislocations, new patterns of consumer/enterprise behavior and modified social distancing will impact property types differently. One potential bright spot is residential REITs, which […]

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Why there’s little point in asking whether the stock market will retest lows

Why there’s little point in asking whether the stock market will retest lows

To retest or not to retest — that is the question. Indeed, if Hamlet were around today, he may be wondering whether the broad US equity market, after posting the second-best 25-day rally on record (trailing only 2009’s), will retest the initial market low hit on March 23 of this year.1 For many investment professionals, […]

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