Kicks off discussion on metals trade with silver up 12-13% and gold having its best day since 2008.
speaker1
Peter Boockvar
Friday's correction was needed but the fundamental bull market in industrial and precious metals is still intact. It will likely spread to oil and agriculture.
Asks Peter about the AI tech trade reversal and what it signals.
speaker1
Peter Boockvar
The big-cap tech group is breaking up; market is differentiating winners and losers within AI. The dominance of the AI tech trade as one group is beginning to wane.
Asks Peter about the steeper yield curve and global trade propelling yields higher.
speaker1
Peter Boockvar
The rise in long-term interest rates and elevated levels should be a big focus. The Reserve Bank of Australia raised rates, signaling inflation pressures aren't fully killed.