Bleakley Advisory Group's Peter Boockvar sees two narratives gripping the market, and one could send investors running for cover.
Investor Peter Boockvar sees two narratives gripping the market, and one could send investors running for cover.
"The stock market is assuming ... things will improve in Q2 and throughout the second half," he said Tuesday on CNBC's"Futures Now.""The bond market is taking a more less optimistic take on that, and saying that the data is weak, and we're going to reflect that right now in lower yields and inversions within the yield curve.""The bond market is going to be right," said Boockvar.
"I promise everyone that 70% of companies will beat [earnings] estimates because that's always the case. But that's not necessarily good. It's just normal," he said."I'm waiting to see the extent of those beats, and I think it's more likely than not that we're going to see a decline."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Peter Thiel-Backed Company Would Benefit the Most From Trump’s 5G PlanA Peter Thiel-backed company would benefit the most from Trump’s 5G plan
Read more »
Opinion | Trump Has a Plan to Stop Fake GoodsOpinion: Trump’s presidential memorandum takes an important step toward holding online third-party marketplaces accountable, writes Peter Navarro
Read more »
Peter Thiel-backed digital bank N26 is considering a cash back-type offering as it eyes US expansionEuropean digital bank N26, which is launching in the US later this year, views earn-as-you-spend programs as a key feature US customers look for.
Read more »
Wealth manager: How to invest in blockchain without worrying about a cryptocurrency collapse'If you like the technology behind cryptocurrency, the blockchain technology, there are ways to invest in that,' says certified financial planner Peter Mallouk.
Read more »
Don't buy bitcoin, warns wealth manager: We're likely 'going to see cryptocurrencies collapse'Don't buy bitcoin, warns wealth manager: We're likely 'going to see cryptocurrencies collapse' via CNBCMakeIt
Read more »
Chuck E. Cheese Parent to Return to Public MarketsCEC Entertainment, parent of restaurant chains Chuck E. Cheese and Peter Piper Pizza, agreed to go public on the NYSE with an initial enterprise value of about $1.4 billion.
Read more »
America’s biggest wealth manager oversees $39 billion for the ultrarich. Here are the 5 ways he says you can invest like 'the millionaire next door.'Top-ranked investor Peter Mallouk runs the biggest wealth management firm in the US. He gave Business Insider five pieces of crucial advice.
Read more »
Chinese billionaire seeking Australian passport reportedly paid lobbyist for meeting with ministerAustralia's ABC Four Corners said current Home Affairs Minister Peter Dutton met with Huang Xiangmo to discuss the Chinese billionaire's application for an Australian passport.
Read more »
Boeing CEO 'sorry' for lives lost in 737 MAX accidentsThe pilots of Ethiopian Airlines flight 302 battled the plane's automated systems for nearly the entire duration of the 6-minute flight, according to a preliminary report into the crash obtained by CNN Thursday.
Read more »