Research

Corporate Credit Valuation in a Historical Context

  Corporate Credit Valuation in a Historical Context   At Smith Capital Investors, we are always looking for insights into what the markets are telling us and how these insights can inform our investment process. One key issue we find ourselves pondering is...

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The Fed’s Less Than Desirable Outcome

    The Fed’s Less Than Desirable Outcome   The month of August was looking reasonable – we saw an extremely strong employment report and encouragingly soft inflation data. Powell’s Jackson Hole speech was short and sweet but also clear and concise. The...

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Capital Allocation- Resiliency Back in Focus

    Capital Allocation- Resiliency Back in Focus     We have worked our way through the majority of the 2Q corporate reporting season and broadly speaking we still see significant amounts of capital being generated by companies. Significant capital...

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Fed Hikes 75bps, Data-Dependent Going Forward

Fed Hikes 75bps, Data-Dependent Going Forward 3.5% Fed Funds Target by December 2022   As always, the Fed meeting provided something for everyone! The market expected and accepted the 75bps increase and is encouraged by the Powell-led Fed’s ability to pivot to a...

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Thought Leadership