News & Insights

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

A November to Remember…

Though last month was a disappointment for most investors, the first week of November has reversed the losses for October, potentially setting the stage for a quarter-end comeback. Over the two-week period before the election, the S&P lost more than 5 percent and then quickly rebounded during election week. Although the last week of October was one of the worst weeks for performance since the COVID crisis, the following week was one of the best.  The U.S. markets were positive across the board, and that was also the case in the overseas markets.  Investors jumped back into the markets with equity inflows, primarily into technology and health care, while moving funds from investment grade and high yield bonds.  As might have been expected from the flows, the S&P 500 sectors that outperformed the most last week were technology, up nearly 10 percent, and health care with a gain of almost 9 percent.  There were no sector losers either, as a number of the cyclical sectors (industrials, materials and financials) all closed up between 5 percent and 7 percent.