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 industrials and S&P 500 touched record territory on Wednesday after a report on consumer inflation mostly matched expectations, but the broader market faced some headwinds as health care, tech and growth shares were sold.
“Earnings for the S&P 500 over the past five quarters have beaten expectations by about 15-20 percent. These are all-time highs that suggest the economic recovery is not only on track, but stronger than many anticipated,” wrote Jonathan Waite, senior research analyst at Frost Investment Advisors, in emailed commentary.
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