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News & Views

Provided by the Investment Professionals of Frost Investment Advisors | November 16 , 2020

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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