Peter Boockvar talks about the economy, inflation, and this week's price action
Real Vision, Released on 4/28/22
U.S. equity indexes were well in the green Thursday afternoon despite the fact that gross domestic product contracted at an annualized rate of 1.4% during the first quarter, according to the Bureau of Economic Analysis. Earnings reports continue to reflect consumer resilience in the face of historic inflation, even as the conflict in Eastern Europe metastasizes and the situation in Japan - with the central bank still trying to control the yield curve but the government pushing for a stronger yen - threatens a fiscal crisis. "The bottom line with the U.S. economy is where the breaking point is with respect to the consumer response to ever-rising prices," notes Peter Boockvar. "We are moving closer to it, and there are signs here and there that we are hitting it. But, from what I've heard from company CEOs, we're not there yet." Boockvar, the CIO of Bleakley Advisory Group, joins Ash Bennington for today's Real Vision Daily Briefing to talk about the economy, inflation, and today's price action.
Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.
Peter Boockvar talks about the economy, inflation, and this week's price action added by Herman James on 04/28/2022View all posts by Herman James ?+'