RiskReversal Pod Mud In The Gears Of Business with Peter Boockvar
Jul 8, 2025
Dan Nathan chats with Peter Boockvar, CIO at Bleakley Financial Group, who has a knack for deciphering market intricacies. They dive deep into the disconnect between economic data and market performance, especially in light of tariffs with China and Vietnam. Peter elaborates on implications for U.S. corporations, the rally in bank stocks, and how AI and central bank dynamics fit into the broader economic picture. The conversation also touches on gold as an investment and the nuanced effects of tariffs on the stock market.
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Disconnect Between Market and Economy
- There is a growing disconnect between economic data and market performance amid trade deals and tariffs.
- The market is rallying even as economic growth slows and tariffs are expected to impact costs.
Bank Stocks Signal Mixed Economy
- Banks are rallying on capital markets optimism and a steepening yield curve.
- However, bank lending growth remains weak, signaling mixed economic growth prospects.
Tariffs Double Corporate Tax Burden
- The current tariffs effectively double the U.S. corporate income tax rate, imposing a substantial new tax burden.
- This tax increase will likely pressure corporate profit margins and start showing up in earnings soon.