Peter Boockvar discusses the inevitability of a recession and essential strategies to protect your wealth.

In this episode of Wealthion, host James Connor speaks with Peter Boockvar, Chief Investment Officer of Bleakly Financial Group and editor of The Boock Report. Boockvar provides a deep dive into the economic landscape, highlighting the inevitability of a recession, the potential for a massive market correction, and shocking insights on inflation.

TIMESTAMPS:

00:00 - Introduction

01:36 - Discussion on Q1 GDP and consumer behavior

04:40 - Disparity in consumer spending and economic conditions

06:52 - Expected Q2 GDP and economic predictions

09:08 - Discussion on Core Durable Goods

09:25 - Inflation and its impact

13:04 - Concerns about oil prices and economic implications

14:54 - Fed rate cuts and economic predictions

16:59 - Stock market performance and AI-related stocks

21:25 - Views on generative AI and market returns

22:13 - Asset allocation recommendations

24:21 - Commodity investments and their rationale

26:15 - Conclusion

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