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.
Chances are decreasing that Congress pass another stimulus package prior to the election, increasing the likelihood that stress on businesses will continue, Frost Investment Advisors Chief Investment Officer Tom Stringfellow discussed with Forbes.
“If nothing new happens, I expect the slight drop we’ve been seeing in initial jobless claims would reverse, and some of the companies, especially restaurants and hotels that have been hanging on with skeleton crews aren’t going to make it,” said Stringfellow.
Although unemployment could worsen, Stringfellow said he does not predict the absence of a bill to drive the same magnitude of job losses seen this spring.
Get the latest posts straight to your inbox