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 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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