Beware $5 gas, a 5% 10yr and commodity hoarding. As fighting escalates in the Middle East and oil prices surge, Peter Boockvar, CIO of One Point BFG Wealth Partners and author of The Boock Report, joins Maggie Lake on Talking Markets to break down the "Strait Shock" and its tightening grip on the global economy. With gasoline prices hitting their highest levels since 2022 and the Strait of Hormuz remaining a critical bottleneck, Peter explains why the full impact of these supply disruptions has yet to manifest in the consumer market.For more from Peter, join him over on Substack at: https://peterboockvar.substack.com/ Support us on Substack: https://themarkethouse.substack.comConnect with us on Twitter: https://x.com/the_markethouse*We know you get this, but gotta say it anyway - this show is for informational purposes only and is not financial advice.

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“What did the council decide on item 42?” — answered with the speaker and the moment.