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.
Recovery Broadens as People Go Back to Work and Fed Remains Accommodative
As the third quarter begins, we expect the economic recovery to pick up steam and expand, with an increasing number of industries bouncing back from the very deep downturn precipitated by the pandemic. So far, retail sales have risen above pre-pandemic levels, and in the coming months we expect travel, leisure and entertainment will follow suit. To cite just two examples, some cruise lines are reporting bookings above 2019 levels, and Las Vegas hotels say shows are selling out months in advance.
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