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Senior Research Analyst Quoted in MarketWatch: March 3, 2021

Allegiant's Senior Research Analyst Will Geisdoft, CMT, has been quoted in MarketWatch today:
U.S. Stocks Slip as Economic Data Disappoints and Bond Yields Spike

An excerpt of the article is available below. Click here to read the full Market Snapshot published on March 3, 2021.

Investor anxieties have centered on moves in the bond market over the past two weeks, with attention trained on moves in the benchmark 10-year Treasury yield.

"The pace of the rise in interest rates was a bit worrisome," said Will Geisdorf, senior research analyst with Sarasota, Florida-based Allegiant Private Advisors. "I think the market is still kind of digesting that."

Right now, investors are most interested in the question of re-opening the economy, Geisdorf told MarketWatch. Any economic boost from more fiscal aid is already price into the market, he thinks, so the real question becomes, "how quickly do things open back up and how well do we suppress further spread?"

For now, Geisdorf thinks we're in "a pause in the reflation trade. I think rates move higher and stocks can move higher with rates. That's why you've seen the back and forth over the past few weeks."

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