Reflation Trade Has Run Its Course, Says Delos Capital's Smith

The video discusses the expected recovery in growth and its implications for bond markets, highlighting the acceleration of bond yields due to economic indicators and inflation. It examines the Federal Reserve's potential actions and the risks they pose to equity valuations. The speaker expresses a cautious bullish outlook, emphasizing the need for selective investment strategies rather than broad index investments.

What implications does the speaker believe the Federal Reserve's language changes might have?

What does the speaker suggest about the future of financial asset returns?