Maggie Lake Talking Markets Episode 10: Fed Day - Is Inflation Easing? With Peter Boockvar.
20 snips
Jan 28, 2026 
Peter Boockvar, CIO of One Point BFG Wealth Partners and author of The Boock Report, offers macro and market analysis. He breaks down the Fed holding rates and its market fallout. They discuss the AI-led tech trade, a weaker dollar and international outperformance, rising commodities and metals, and risks from tariffs, JGBs and capital repatriation.
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Fed Will Hold Unless Macro Shifts
- Peter Boockvar argues the Fed will only cut rates if inflation falls further or unemployment rises meaningfully.
- He emphasizes neutral rate should be viewed in real not nominal terms, tying policy to inflation dynamics.
Gen AI Trade Is Getting Discriminating
- The Gen AI trade is becoming more selective with winners and losers across data center and memory plays.
- Boockvar warns fast-rising memory stocks may fall quickly once supply catches up with demand.
International And Small Caps Have Momentum
- International equities and small/mid caps can keep outperforming aided by a weaker dollar and attractive valuations.
- Boockvar cautions that a collapse in the Gen AI trade could reverse that outlook and deserves watching.