What Does the Fed Do Now? With Peter Boockvar

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.2 • 1K Ratings

🗓️ 6 October 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

🔥 Ledger x RV: The Next Digital Assets Wave. Get Your FREE Ticket https://rvtv.io/3rPaoBz Peter Boockvar, CIO of Bleakley Financial Group and editor of The Boock Report, joins Maggie Lake to help us understand the market's reaction to this morning's jobs report, the key factors driving investor sentiment, and the action in bond markets. Peter will explain what caused a spike in the U.S. 10-year Treasury yield and why yields are so pivotal in forecasting future economic growth. You can find more of Peter's work here: https://t.co/F4bYnWoq3x This episode is sponsored by KraneShares’s KRBN ETF — the first, largest, and most liquid carbon ETF on the market. Please read the prospectus before investing at kraneshares.com/krbn/realvision. Investing involves risk. Principal loss is possible. KRBN is distributed by SEI Investment Distribution Company (SIDCO). Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:57.4	Hi Maggie, thanks for having me. I always get to see you.
0:59.8	Yeah, and what a day, what a wild end to the week.
1:02.6	We have that headline payroll number that surprised everyone to the upside.
1:06.9	That sparked a big move higher in Treasury yields, higher in the US dollar,
1:11.2	caused to sell off in stocks.
1:13.4	But then if you walked away and came back, stocks turned around, rallied strongly.
1:17.9	But interestingly, it's kind of been fading a little bit into the close.
1:21.3	There's still up the Dow up a little under 1% S&P, a little over 1%
1:25.8	and the NASDAQ hanging on about 1.6%, 1.6%.
1:30.0	What did you make of this market action today?
1:33.2	Well, heading into the number, and then we can go into the number,
1:36.4	because I think it's important to look through some of the details and under the hood.
1:40.9	And we reached some extremes.
1:43.0	We had the dollar index, which got very overbought.
1:48.4	We had the stock market, which was very oversold.
	...

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