Buyer Beware: Are Markets Set Up for a Pullback?

Published on
April 8th, 2021
Duration
32 minutes

The Roaring Twenties: Inflation, Equity Melt-Ups, and Extreme Bond Pain


Buyer Beware: Are Markets Set Up for a Pullback?

Daily Briefing ·
Featuring Peter Boockvar and Ed Harrison

Published on: April 8th, 2021 • Duration: 32 minutes

Peter Boockvar, CIO of Bleakley Advisory Group and editor of The Boock Report, joins Real Vision managing editor Ed Harrison to share his insights on the inflationary pressures and drawdown risks he’s observing. Boockvar discusses his take on why weekly jobless claims in the U.S. continue to be high while job openings are also at record highs, highlighting how enhanced unemployment benefits may be competing with wages and how this puts inflationary pressure on labor. He also analyzes Jamie Dimon’s statement of the economic boom running all the way into 2023 and points out that another leg up in rates, a potential tapering by the Fed, and the end of large-scale fiscal spending could all prove to upend that notion. Harrison and Boockvar also explore the potential influence that supply chain disruptions could have on earnings, a corporate tax grab under Biden, and the impact of high margin debt on markets.

Comments

Transcript