Peter Boockvar, an equity strategist at Miller Tabak & Co., talks with Bloomberg’s Deirdre Bolton and Erik Schatzker about the removal of General Motors Corp. and Citigroup Inc. from the Dow Jones Industrial Average.
GM and Citigroup were replaced by Cisco Systems Inc. and Travelers Cos. Boockvar also discusses the outlook for stocks and bonds, Federal Reserve policy and investment strategy.
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00:00 Stock market; GM, Dow listing changes
01:46 China’s growth, impact on commodities
02:32 “Reflation trade”; investment advice
03:42 Fed policy outlook, bond market
Running time 05:25
Last Updated: June 1, 2009 10:35 EDT