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.
Fourth Quarter to End Strong, Solid Momentum Going into 2022
Despite ongoing concerns about inflation, supply chain problems and a shortage of employees in many industries, we expect fourth quarter earnings to end strong, with the momentum carrying over into 2022. The economic recovery on the east and west coasts was stalled by the onset of the COVID-19 delta variant, but as cases ease, we are seeing healthy recoveries in retail, trucking and capital goods, with the measures of each at or near all-time highs. Bottom-up earnings per share estimates for the S&P 500 for 2022 are about 10 percent higher than for 2021.
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