On The Tape with Danny Moses
Peter Boockvar: Is DeepSeek the Canary in the Mag 7 Mine?
Feb 19, 2025
Peter Boockvar, Chief Investment Officer at Bleakley Financial Group and Substack author, shares his keen insights on market dynamics. He discusses a potential shift from the 'Magnificent Seven' tech stocks to opportunities in emerging markets, particularly in China, and attractive commodity trades. The conversation also touches on the evolving role of gold, the influence of the Federal Reserve on long-term rates, and the impact of tariffs on supply chains. Boockvar highlights the resilience of retail investors and explores the booming online gambling sector.
41:44
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Quick takeaways
- There is a noticeable shift from the dominance of the MAG7 tech stocks to emerging markets, particularly China, as investors seek higher returns.
- Deregulation in Europe is becoming a catalyst for economic growth, presenting new investment opportunities amidst changing policies and market conditions.
Deep dives
Shift from MAG7 to Emerging Markets
There is an emerging trend indicating a possible shift away from the dominance of the MAG7 tech stocks towards opportunities in emerging markets, particularly in China. This change is driven by a reevaluation of the returns from large tech investments, as investors begin to notice that competitors outside the U.S., like Chinese tech firms, are also developing advanced AI technologies. The high market caps of dominant tech companies, like NVIDIA and Apple, have started to raise concerns about their continued performance, leading to a sentiment shift. Investors may be looking for excuses to reallocate their resources into these foreign markets as they search for potentially higher returns.
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