The amount of capex being spent today is similar to 1999, says Peter Boockvar

Let's talk more about markets. Uh Peter Bookvar is here, chief investment officer at one point uh at uh BFG Wealth Partners and a CNBC contributor. Good morning to you, sir.Andrew, uh help us understand what you think is actually going on here in markets. Uh well, I think this rally, the AI tech trade got a second wind after the deepseek news in late January. And who doesn't want to buy stocks when the Fed is cutting interest rates.So, I think that's what brings us to where we are today. Uh, but there's som ...