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 Investment Advisors:
Forecasting a new market normal…
Positive news on the vaccine front led to a global market rally early last week providing a post-pandemic glimpse of a resurgence in bullish investor sentiment. The announcement of last week’s early success of Pfizer’s vaccine trial (along with this Monday’s Moderna vaccine news) and the better than expected +90 percent efficacy rate, not only boosted investor confidence but also led to a broadening rally benefiting some of left-behind cyclical sectors. Most domestic market indexes closed on a strong positive note by week’s end, with the small cap index, the Russell 2000, leading the charge. The news of a vaccine could potentially stanch the small business financial disaster the pandemic has caused, likely helping drive the smaller capitalization company benchmark up over 6 percent to its highest closing price since early September, 2018.
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