RiskReversal Pod Peter Boockvar: Can the Fed Calm Investors Before It’s Too Late?
Sep 4, 2025
Peter Boockvar, CIO of One Point BFG Wealth Partners and author of The Boock Report, shares captivating insights on the economy. He discusses how labor market trends may influence the Fed's interest rate decisions and the implications of Google's recent legal challenges on the tech landscape. Peter also explores the tug-of-war between gold and Bitcoin as safe-haven assets and reflects on the current concert ticket market, revealing consumer behavior and pricing dynamics. His expertise offers a unique lens on financial market activities.
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Labor Market Is Cooling, Not Cratering
- Hiring has slowed materially while firings remain muted, signaling a changing labor market complexion.
- Peter Boockvar expects the Fed to cut rates because they are shifting focus toward labor conditions.
Fed Cuts Won't Mirror Past Big Cycles
- Markets pulled back from pricing large cuts after long-term rates rose despite the Fed's easing.
- Persistent ~3% core inflation means the Fed likely tweaks policy rather than launching a big cutting cycle.
What Markets Want From August Jobs
- Expect the market to prefer an August payroll print of roughly 50–100k to keep unemployment stable while preserving a September cut.
- Watch for a >100–150k print to push two-year yields higher and spook bond markets.