Smith Capital Investors News
Gibson Smith, Portfolio Manager, CIO of Smith Capital Investors joins Animal Spirits’ Podcast hosts, Ben Carlson and Michael Batnick of Ritholtz Wealth Management to discuss the state of the fixed income market and what to watch for in the coming year.
The market seems to be anxiously awaiting an extreme move from Treasuries. The tone on rates has moved decidedly less bullish as the consensus embraces the view that rates will gradually move higher as the global economy recovers. While we do believe there will be a period in 2021 that takes the long bond back to pre-COVID yield levels (a steeper curve), we believe market volatility remains present in the short-term as event risk continues to be front and center.