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. This week, John Lutz, Senior Fund Manager and Senior Research Analyst; and Tom Bergeron, Senior Fund Manager and Senior Research Analyst discuss equities, value stocks, growth stocks and the areas of opportunity ahead.
Equities Have Strong Performance in Q1
Q1 of 2021 proved to be an impressive quarter for equities. The yield of the 10-year Treasury almost doubled, going from around .9% to 1.75% – a big move for Treasuries.
Other key moments from the quarter include the GameStop roller coaster, continued economic stimulus, and the vaccine rollout. GameStop stock went up about 300% in less than a month, then collapsed by 90% before rising again. Congress passed another stimulus bill, mailing out the largest checks yet. And vaccine progress in the U.S. has also been strong, with 40% of the U.S. population receiving at least their first vaccine. The U.S. vaccines are rolling out about twice as fast as Europe if you exclude the U.K.
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