Searching for Christmas

Simon Lack, Portfolio Manager
Simon Lack is Founder and Managing Partner of SL Advisors, LLC. Mr. Lack is Portfolio Manager of an energy and infrastructure fund at Catalyst Capital Advisors LLC. Mr. Lack’s experience includes: Managing Director, JPMorgan Global Trading Division and CEO, JPMorgan Incubator Funds. Mr. Lack has authored The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True (January 2012) and Bonds Are Not Forever: The Crisis Facing Fixed Income Investors (September 2013).

Our blog has a Search function that allows users to quickly find what they’re looking for. One of our most often read blog posts is MLP Funds Made for Uncle Sam, which is easily found by entering “Sam” in the search box.

SL Advisors is a secular organization, but searching for the word “Christmas” generates a surprising number of results.

Some relate to the seasonal pattern in which November weakness in MLPs is followed by a rally into January. Why MLPs Make a Great Christmas Present, MLPs Lose That Christmas Spirit and MLPs Weak in November, As Usual all reference Christmas in the text.

In Stocks Are the Cheapest Since 2012 a year ago we welcomed Christmas as a respite from relentless selling. Stocks, including midstream energy infrastructure, duly rallied with our American Energy Independence Index gaining 20% since then.

Investor frustration with the sector was high at times during 2019, and few probably expected the year’s returns to finish where they are. Energy infrastructure has joined the festive season in recent weeks.

Although New Jersey is not having a white Christmas, it’s still too cold for golf. This remains one of our favorite cartoons.

We wish all of our readers a Merry Christmas, Happy Holidays, and much joyful time with family and friends.

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