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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Another week of better news helped guide the market higher, as most major equity indexes and sectors moved furtherinto positive territory. The broadening equity revival was not specific to the domestic markets either, as performance strengthened across several European and Asian exchanges, the most notable being Hong Kong, Japan, Germany, Spain and Italy. Although the technology and communication services sectors were the laggards last week (as was the case for gold, silver and Treasurys), they, along with the health care, materials and consumer discretionary sectors had already bounced back for the year, erasing their initial losses from the COVID-19 induced sell-off in late March. And though there was an uptick in Treasury yields, today’s rates still remain at or near historic lows.
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