The David Lin Report · Tuesday, July 14, 2026
Peter Boockvar states that the AI tech trade and associated data center build-out are the sole focus for investors, overriding concerns about higher oil prices or Middle East developments. He believes that if the US 10-year yield hits 5%, it will significantly impact the market.
“Well, what matters is the story of AI. The US economy and the US stock market are all in on the GenAI tech trade.”
“So, you know, we had a test of whether higher oil prices, uh, or the conflict in the Middle East matters. And stock markets have passed it.”
“That's not to say that $100 oil if it goes back there, is not going to matter. It's not to say that if the US 10 year yield goes to 5% that's not going to matter.”