Nominal yields rise on inflation fears, but beneath the hopes of an improving economy are deep, structural problems that will not recover anytime soon, said Todd Horwitz of BubbaTrading.com.
Horwitz noted that most of the small businesses that were locked down will not be returning to business.
0:00?EUR< - Stock markets and inflation7:16?EUR< - Recovery of the economy?11:03?EUR< - Gold falls below $1,700
Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.