Either A Launching Pad Or A Diving Board

That’s the way it looks on this chart which is not of my making. So much focus is on the jobs number this morning which makes it sort of anti-climatic. Still it will be a mover. MLPs are looking at a 10 year under 4.50% which i think limits downside now that risk has been priced back in on the spreads. My own view on the MLP index is that the group made its bottom in August and we are base building.
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[Source: The Money Blogs]