Pay Attention to Fixed Income, Says CalSTRS CIO Ailman

CalSTRS Chief Investment Officer Chris Ailman appeared on CNBC on Wednesday to talk about interest rates and the markets reaction to Trump’s win.

He said this about markets currently:

“Wall Street’s gotten very excited about a change in government, but we haven’t seen anything yet,” he said. “I think the markets have gotten a bit ahead of themselves. I like the trend, but I think we’re going to see more of a flat market once we get past January.”

Video credit: CNBC