Over the last few years, the spectacular rise and subsequent fall in asset prices for Bitcoin, pot stocks, high-end real estate and cash-burning companies have proven that the line between “in-favor” and “out-of-favor” is very thin and can evaporate almost instantly. One currently “out-of-favor” asset class that we have been particularly fond of is Master Limited Partnerships (MLPs) – the tax-advantaged, high-yielding oil, natural gas, or refined product pipeline businesses.

Ned Davis has earned one of the most stellar reputations in the investment industry over his roughly 50-year career. He has built a firm that fuses stock market technical analysis (charts, volume, momentum, et al) and sound fundamental research.