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.
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Markets, the Economy and Relief Efforts…
As of last Friday’s market close, it proved to be another remarkable week for investors, with nearly every index and exchange posting positive returns. The Dow Jones Industrial Average and the Russell 2000 (smaller cap companies) led the charge this time, with cyclical stocks gaining traction, and the week’s highlights included some breakout performances within the industrials, energy and financial sectors. Smaller and mid-sized value oriented companies tagged along for the ride, as investors ostensibly looked past the recent spike in virus numbers and following some positive economic data points reported over the prior week. Add upticks in manufacturing surveys overseas and some hopeful signals that there may indeed be light at the end of the COVID-19 tunnel. Foreign markets were also beneficiaries of a bit more investor enthusiasm.
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