Back in June, we highlighted the developing uptrend in pipeline stocks, saying they were "finally acting like they should."
Pipeline stocks are normally boring investments. You have some pipes in the ground. You transport fuel and natural gas through them. You collect fees. Repeat as necessary.
Pipeline stocks got "less boring" during last year's credit crash. The benchmark Alerian index fell 50% in six months. But as you can see from this week's chart, folks are flocking to the tax advantaged safety of pipelines again. The Alerian index punched through to a new 2009 high this week.
Along with the uptrend in health care, the uptrend in pipelines is among the strongest in the world right now.
Pipeline stocks are normally boring investments. You have some pipes in the ground. You transport fuel and natural gas through them. You collect fees. Repeat as necessary.
Pipeline stocks got "less boring" during last year's credit crash. The benchmark Alerian index fell 50% in six months. But as you can see from this week's chart, folks are flocking to the tax advantaged safety of pipelines again. The Alerian index punched through to a new 2009 high this week.
Along with the uptrend in health care, the uptrend in pipelines is among the strongest in the world right now.
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