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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.
In the run-up to their worst three-day stretch since October, stocks added back to the week’s massive losses Thursday (May 13) despite the Bureau of Labor Statistics revealing that the nation’s manufacturers paid steeper-than-expected prices last month-a cautionary sigh for consumer prices as inflation concerns continue to mount.
"The increased demand driving prices higher is not necessarily a bad thing," Mace McCain, the chief investment officer at $5 billion (in assets) Frost Investment Advisors, said in a note Thursday. "Some inflationary pressures could be good for the market, bringing new capacity online more quickly and resulting in a more robust rebound. Increasing wages may also result in more productivity as the labor force returns to work.”
Excerpted from Forbes on May 13, 2021. To read the full article, click here.
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