The David Lin Report Bond Crisis In 2026? Why Yields Will Surge Even As The Fed Cuts | Peter Boockvar
Dec 18, 2025
Peter Boockvar, Chief Investment Officer at OnePoint BFG Wealth Partners and author of The Boock Report, discusses the potential bond crisis in 2026 and the stubbornness of inflation despite Fed rate cuts. He argues that the AI tech trade may be reaching its peak, while spotlighting oil at $56 as a key investment. Peter emphasizes the risks posed by rising long-term yields and shifting global fund flows, alongside the importance of international equities and commodities as viable investment avenues.
AI Snips
Chapters
Transcript
Episode notes
Long Yields Rising Despite Fed Cuts
- Long-term global bond yields are rising even as central banks cut short-term rates, signaling a bear market in duration.
- The Fed's cuts have limited influence on long rates, which remain elevated relative to policy moves.
AI Trade Showing Cracks
- The AI-driven tech trade is losing momentum after multiple warning signs and earnings disappointments.
- Heavy capex and altered business models make hyperscalers less cash-generative and change valuation dynamics.
Trim Extended Positions And Diversify
- Consider trimming positions when assets run vertical and valuations get stretched, like silver recently did.
- Stay diversified into international stocks, precious metals, and select small- and mid-caps instead of blanket index exposure.