Peter Boockvar: Market To Hit New Lows In 2023 As Interest Rates & Inflation Go 'Higher For Longer'
Wealthion, Released on 1/12/23
As investors enter 2023, all eyes remain on the Fed and how committed it will remain to its hawkish course of hiking rates & tightening its balance sheet. The latest data shows that the markets doubt the Fed will fulfill its plan to hike the Fed Funds rate to 5%, or higher, and then hold it there for a meaningful number of months. In short, they expect the Fed to pivot soon. But today's guest warns not to underestimate the Fed's resolve. Peter Boockvar, Chief Investment Officer of Bleakley Financial Group & Editor of The Boock Report sees rates as going "higher for longer" than the market is pricing in.
Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.
Adam Taggart is the Founder of Wealthion. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the 'startup thing' (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he's a devoted husband and dad.
Peter Boockvar: Market To Hit New Lows In 2023 As Interest Rates & Inflation Go 'Higher For Longer' added by Herman James on 01/11/2023View all posts by Herman James ?+'