Dow Jones Industrials --- 6 months
MLPs have had a winning year, coming off their lows made late last year. In Apr, they have been attempting to change the status of 200 from a ceiling to a floor. Base building in the 190-200 range for much of this year may be paying off if the markets remain strong.
Alerian MLP Index --- 6 months
REITs have found new friends, largely in Apr. This is especially impressive after General Growth Properties (GGWPQ), 2nd largest mall & shopping center REIT, filed for bankruptcy last week. Double digits yields are attracting risk takers (as with MLPs & junk bonds) .
Dow Jones REIT Index --- 6 months
The rising stock market will be tested this week, when many prominent companies report earnings. Of the 52 companies in the S&P 500 issuing earnings reports so far, 2/3 beat expectations while the remainder did not. Dow has risen 24% from its March low, with 22 points coming in the first 4 weeks. More earnings disappointments this week could bring on profit selling, taking the Dow back below 8K.
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