Equity Bull Market Loses Key Driver – Low Interest Rates
Heading into the second quarter, the US economy is rapidly strengthening with COVID-19 cases plummeting and vaccinations driving the US toward herd immunity. Further economic strength will come from the $1.9 trillion “CARES Act” – Corona Virus Aid, Relief, and Economic Security Act – and an anticipated $2 trillion infrastructure bill that will provide massive […]
The Final Stages of a Historic Market Bubble
Is the Reddit revolution a sign of the top? Buffett and Shiller indicators flash extreme caution. Do social media companies foment violent extremism? Why the tech bubble should burst. International equities and commodities make sense. The current extreme speculative stock behavior combined with the historically high valuations of the S&P 500, FAANG, and OTC stocks, […]
Preparing for a Double Barreled Bear Market
The pandemic will end, the economy will recover, and interest rates will rise. The bond market’s 40-year bull run is over. Interest rates are rising, and bonds should be sold. The stock market bubble is poised to burst. The economic recovery will drive commodities and cyclical stocks higher. The pandemic will end, the economy will […]
Income Growth Advisors’ Halsey says “MLPs are a buy now.”
Midstream Master Limited Partnerships (MLPs) are being unduly punished by the decline in oil prices and other energy securities. Midstream MLPs derive their income from fee based and toll road business models whose operations and cash flows are driven by the volumes transported, stored, and processed, and not by the commodity itself. Companies which own […]
July 2015: A Tough Month for Energy Investments
Master Limited Partnerships performed poorly in July as weakness in energy prices and concerns about the Federal Reserve tightening in September contributed to continued weakness in this sector. Financial concerns with Greece, Puerto Rico, and China’s equity market collapse exacerbated the market decline. Lastly, a number of leveraged MLP closed end funds had to liquidate […]
July 2, 2015 MLP commentary
Buy low. Buy value. Buy panic. Buy MLPs. Income Growth Advisors, LLC has continued to deliver solid returns for its clients even though the Alerian MLP Total Return Index is down 19.81% over the trailing twelve months. This rare negative performance is primarily due to the historic correction in oil prices which began late last […]
November 2014 monthly MLP commentary
We had a small write up in The Wall Street Journal, this past weekend, in Jason Zweig’s Intelligent Investor column “An Energy Boost for Portfolios”. If you would like a copy, please let us know. Performance Our MLP SMA asset class performance declined 5.58% in October along with our benchmark. Our year to date our […]
The Market and Master Limited Partnerships
The recent stock market weakness began on September 19th with the initial public offering of Alibaba Group Holding Limited. The stock market has been overvalued for some time and the tape has been poor — breadth has been deteriorating and foreign markets have been sinking. Psychology peaked with Alibaba and has soured with ISIS and […]
IGA MLP performance 1 year 41.08%, YTD 31.47%, 3 year 32.12%, before management fee. See disclaimer in PowerPoint.
Performance Income Growth Advisors, LLC’s Master Limited Partnership (MLP) asset class performance rose 9.14% in August. Our year to date our performance is up 31.47% — handily outpacing our two benchmarks. Year to date, our IGA MLP returns outperformed the Alerian MLP Index by 10.09% and the S&P 500 Index up 22.79%. Since inception 12.31.2000, […]
May 2014 MLP Performance
Income Growth Advisors, LLC’s Master Limited Partnership (MLP) asset class performance was up 6.11% in May. Our year to date our performance is 18.25% — handily outpacing our two benchmarks. Year to date, our IGA MLP returns outperformed the Alerian MLP Index by 8.44% and the S&P 500 Index up 13.93%. Since inception 12.31.2000, our […]