S&P 500 FINANCIALS INDEX
| Value 160.62 | Change 0.91 | % Change 0.6% |
The MLPs index is crawling its way back up to 220. REITs & junk bond funds are also slightly higher. On a quiet day I'll take a look at 2 major MLPs, Kinder Morgan & Enbridge Energy (EEQ) which have stock equivalents that track their units. Kinder Morgan has had a fairly flat year, not straying too far from 40 (the units trade about 6 points higher). Even the dip in Mar was relatively mild. Enbridge Energy has had a wilder year, almost doubling from the low in Mar. Both eased back in Jun, along with the index. I have always liked both stocks because they allow an investor to buy shares (rather than units) & avoid tax hassle, not to mention they are retirement account friendly. Each has an interesting story.
Kinder Morgan (KMR) --- YTD
Enbridge Energy (EEQ) --- YTD
Oil is inching up in the 71s. The 10 year Treasury bond yield is flat at 3.83%.
On this sleepy day for stocks, Dow is keeping near the 8½ level.
Dow Jones Industrials --- 1 month
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