'We’re in a slowdown that’s not just temporary, and I think that’s something that’s going to last throughout the year' - pboockvar WednesdayWisdom
Investors are grappling with mixed signals these days, and how they react to all the noise could have serious consequences for their portfolios, according to Bleakley Advisory Group’s Peter Boockvar.
“The stock market is assuming…things will improve in Q2 and throughout the second half,” he told CNBC in an interview Tuesday. “The bond market has a less-optimistic take on that, saying that the data is weak, and we’re going to reflect that right now in lower yields and inversions within the yield curve.”
As for this earnings season, he says that 70% of companies will beat estimates “because that’s always the case.” But that won’t sway him.
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