News & Insights

President and Chief Investment Officer

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

Rising Case Count and Renewed Worries…

Spiking COVID-19 caseloads reversed momentum last week, and Friday closed out the week with the major U.S. and overseas equities markets selling off.  There were no real safe harbors, with small, mid and large company stocks selling off, just as the growth and value names did.  Sectors posting the worst performance were energy, financials and communication services.  Overseas, one of the few bright spots was China, the first country to turn the corner in new cases and recoveries.  Apart from the equity markets, gold offered some respite for investors.  The fixed income markets did also, with 20-year Treasurys catching most of the bid.  Despite last week’s sell-off, it is still worth noting that since the March 23rd lows most of the global benchmarks are sitting with 30-plus percent returns.