Relative performance, gotta think an awful lot of shorts piled into the producers last qtr, you would expect quite a bounce, the shorts are not as likely to pile into the pipes. Yet here we are and the pipes are outperforming in 2019 so far. Those charts a gauge of where money is flowing. I took some money out of the producers and put it to work in some steady eddies yesterday. Also not thrilled with what I am seeing in some of the leading indicators as of late as a number are rolling over. The market seems cautious , I am too, hard to ignore those facts. Maybe it changes in time.