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
Against the Odds…
A few months ago (five and counting) the markets faced an impossible dilemma, having sold off at a record pace with near-zero upside potential given the pandemic spread, home quarantine and vaporized earnings visibility from Wall Street. Fast forward to the present, and the market’s break-neck recovery has also set an historic tone, both in speed and magnitude. With last Friday’s close, and depending on today’s market moves, the month of August is on track to reverse what has typically been a negative month (at least since 1980) while also registering a record-setting recovery from the March lows through last Friday of 57 percent. As for year-to-date S&P performance, a positive and respectable return of around 8 percent – quite the change in attitude and latitude.
Get the latest posts straight to your inbox