Stocks celebrate weaker CPI growth, predict Fed rate cut next week, says Peter Boockvar

Market Valuation & Earnings - The market is trading at 25 times relative to 2025 earnings estimates [2] - Current market valuations may not matter until they do [2] - Companies with high capital expenditure (capex) and debt levels are still being valued at the same multiples as when they were asset-light and cash generative [3] - Investors should consider capex levels relative to revenue when digesting earnings [3] Energy Sector - The speaker favors oil prices, considering them "dirt cheap" [5] - Sanctions on Rosnet and Luke Oil, along with reduced oil purchases by India and China, are seen as potential catalysts for a rally [5] - US shale is no longer a major contributor to global oil supply, and OPEC production is not keeping up with quotas [6] - The speaker believes the market is overly bearish on oil [6] Consumer Staples & Bonds - Consumer staple stocks are trading like bonds with 4%-5% dividend yields [6] - Consumer staples could be a safe haven for investors if the economy slows [6] Gold & Inflation - CPI was still at 3% [8] - Central bank buying is the main driver of gold prices [9] - Risks are for much higher gold and silver prices after a period of consolidation [9]