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.
The Dow gained about 230 points Friday (October 22). One possible reason for the rally is that investors may be betting that the Federal Reserve will not pull back on its easy money policies that have propped up financial markets anytime soon — something traders started to worry about after Treasury Secretary and former Fed Chair Janet Yellen recently suggested that rates may soon need to head higher.
“The Fed is going to have to continue to be in a position to help support the economy,” 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.
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