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Tom Stringfellow, Chief Investment Officer at Frost Investment Advisors, discussed with the Wall Street Journal the recent climb of the S&P 500’s materials sector, which rose 16% this quarter to be the best performing group among the index’s 11 sectors.
According to Stringfellow, companies are starting to rebuild after the economic collapse this spring and putting in orders for things like lumber, copper and zinc.
The rebound in materials shares could be a sign that the economy is recovering enough to lift other beaten-down sectors, such as industrials and financials, Stringfellow said.
Excerpted from The Wall Street Journal on Sept. 20, 2020. To view full article, click here.
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