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Plains-All-American-Pipeline  on July 29, 2023


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ClearBridge Energy MLP Strategy Q2 2023 Portfolio Manager Commentary

Growing expectations of a Fed pivot and soft landing in 2023 remained the dominant theme in the second quarter, helping U.S. equities, as well as midstream energy stocks, continue to make healthy gains. The benchmark Alerian MLP Index rose 5.38% during the second quarter of 2023, making the strongest gains in June (+4.14%) as lower inflation data seemed to spell an imminent end to the Fed’s rate hike cycle and its pressure on economic activity.

seekingalpha.com     Jul 29, 2023