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News & Views

Provided by the Investment Professionals of Frost Investment Advisors | June 15 , 2020

The following has been compiled from information and comments provided by the investment professionals of Frost Investment Advisors:

The Grinding Comeback…

The markets reversed course last week bringing the three-week rally to a halt.  By Friday’s close, the S&P had lost 153 points over the prior five trading days, with most of the damage the result of an unexpected Thursday sell-off (down 5.9 percent).  A number of factors contributed to the market’s relapse, including concerns over an increase in new COVID-19 cases and a Fed warning of a few rough months still ahead.  With all states essentially open or opening for business, an uptick in new COVID-19 cases caught investors’ attention, along with concerns that the openings were premature.

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