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."
Peterboockvar how much money do handle. Follow the rainbow 🌦♾
All built on lies?
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