Fed Limbo: How Low Can Fed Funds Really Go?

The market narrative surrounding the timing and extent of Fed rate cuts continues to be dynamic as expectations shift with incoming data. The latest CPI data, which came in broadly hotter than anticipated, led to a swift market repricing, seeing expectations of Fed...

read more

Keeping the Show on the Road

Bottom-up company fundamental analysis and individual security selection are at the core of generating risk-adjusted returns at Smith Capital Investors, but our active management process would not be complete without overlaying our blended top-down macroeconomic views...

read more

Moving on Up (In the Capital Structure)

At Smith Capital Investors, we have a keen focus on relative value, not just on a security and sector-specific basis, but also at the asset class level. One interesting trend we have been tracking at the asset class level is the divergence in relative value between...

read more

Smith Capital Investors – Client Gratitude

Dear Friends, I have been historically averse to providing firm updates in my communication but find myself driven to share some exciting news and milestones achieved here at Smith Capital Investors. This comes as we recently celebrated our six-year anniversary in February.

read more

It’s All About the Data

This month’s hotter than anticipated CPI report and better than expected economic data is forcing markets to re-think the validity of the Fed’s view that the US economy is resilient and stronger than most believe.

read more

Crosscurrents: Yields and Spreads

You have by now likely heard someone say “credit spreads” are tight. This may seem totally reasonable to you, depending on whether you have been bracing for impact from one of the most historic rate hiking cycles in our lifetimes or not.

read more

Thought Leadership