News & Insights
Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Investors brushed off Friday's surprisingly weak jobs report, which showed far fewer jobs were added last month than expected. Despite the numbers, U.S. stocks rose and two top indexes soared.
"The Fed is going to have to continue to be in a position to help support the economy," said Mace McCain, president and chief investment officer at Frost Investment Advisors. He added that anything that keeps the Fed on the sidelines with regards to future rate hikes is good for tech stocks, which have benefited from low interest rates.
Excerpted from CNN Business on May 7, 2021. To read the full article, click here.
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