Warner Bros.
- Investors are living in a "Barbie"-style fantasy world where everything's great, Cole Smead says.
- They're ignoring the risks of inflation, more interest-rate hikes, and larger bond yields, he says.
- Those threats are likely to flatten stock-market returns in the years ahead, the fund manager says.
Stockholders are living in a "Barbie"-style dreamworld if they think stubborn inflation and high interest rates won't crush their future returns, Cole Smead says.