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News & Views

Provided by the Investment Professionals of Frost Investment Advisors | June 28 , 2021

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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