Peter Boockvar, chief investment officer at OnePoint BFG Wealth Partners, joins 'Money Movers' to discuss his reflections on the 2025 markets, non-dollar assets, and more.

On the final trading day of 2025, major stock indexes are set to close their third consecutive year of double-digit gains, with international markets and non-dollar assets showing notable strength. Peter Boockvar, Chief Investment Officer of OnePoint BFG Wealth Partners, points to gold's 60% rise and strong performances in Spanish and Italian markets as evidence of expanding investment opportunities.

Looking ahead to 2026, Boockvar identifies oil as one of the most compelling and undervalued assets, citing its low price and potential for demand-driven recovery. He also highlights consumer staples as attractively valued after a challenging year, noting that companies in the sector are restructuring and focusing on healthier products to improve future prospects.

Oil is most compelling & cheapest asset in 2026, says Boockvar

Now to the broader market on this final trading day of 2025 as the major indexes wrap up their third straight year of double-digit gains. Let's bring in Peter Buchvar, Chief Investment Officer of OnePoint BFG Wealth Partners and a CNBC contributor, of course. Great to have you, as always. And imagine it's been a good year for you because you've been, I mean, you like gold and some of these non-dollar assets, which have had surprisingly strong years, gold up 60% this year. Well, that was the most interesting thing about this year is that the markets widen the lens of investment opportunities. After 2024, we're coming into this year when it was just seven stocks and people realized, hey, not only is there more stocks to buy in the U.S., but globally. International markets have had a big year. We've been exposed to that. The Spanish stock market in dollar terms is up more than 50% this year. The Italian stock market up more than 40% this year. Precious metals, of course, gold, silver, which full disclosure, we have trimmed a bit here on this rally, particularly the moves that have gone parabolic, platinum and palladium as well. And I do think that this trend can last into next year. What's the driver of it? One interesting thing that tells me that the dollar weakness is going to be a story also next year is what's happening with the Chinese yuan. Chinese yuan now is at a multi-year high. It seems that the authorities, they're becoming more tolerant of that appreciation, which can drag up other Asian currencies and continuously put pressure on U.S. dollar, on the U.S. dollar, which makes non-dollar assets still attractive, both in equities and in bonds, and particularly bullish on local currency emerging market bonds that I think can benefit both from a good yield and also a further weakness in the dollar. You think that's been the story with gold and silver, too, and that can continue after such a strong run up? It's part of the story, but with gold in particular, central banks that just keep buying a ferocious amount of it. So what else is interesting to you into 2026? So on the commodity theme, to me, the most compelling and one of the cheapest assets in the world is a barrel of oil at just below $60 in WTI. The bearishness is clear. Everyone talks about a swimming in oil, slack demand, all this supply. And I see this actually reversing. I think demand has been pretty good. I think U.S. supply potentially can fall in 2026 in terms of production. And I think that these stocks are very cheap. And certainly on an inflation-adjusted basis, oil is extraordinarily cheap. The other sector that I find very cheap and something that you cover, consumer staples, that have had a terrible year, that are all trading now with very cheap valuations, with very generous dividends, where you can get some equity-like upside, but with bond-like dividends. Why? What do you think is the catalyst that drives these stocks and changes the direction? Because volumes have been light. I mean, they haven't really seen any big blockbuster innovation in some of these food companies and beverage companies. Yeah, it's been a bad story. Margins have gotten hit. They have been losing pricing power, particularly after the sharp rise in their costs. But I think a lot of them are right-sizing their businesses. I think a lot of them are looking at asset sales to more concentrate their businesses, like you take Canara last year, which sold Chef Boyardee. I think everyone's trying to narrow, and they're trying to create better products, better-tasting products, healthier products that I think would widen their audience.

Russia's defense ministry released video footage on Wednesday (December 31) of what it said was a downed drone at a briefing intended to show Ukraine tried this week to attack a presidential residence and challenge Kyiv's denials that such an attack took place.

Moscow

Russia releases video footage to challenge Kyiv over alleged attack

Severe humanitarian needs in Gaza are worsening as dozens of aid groups are forced to halt operations under new Israeli restrictions.
Up to 48 organizations have stopped work, leaving fewer clinics, food distributions and shelters for civilians.

Jerusalem

Middle East Conflict

Israel to block dozens of aid groups working in war-battered Gaza

The world has begun saying goodbye to 2025, with South Pacific nations first to welcome 2026.

Council of the City of Sydney

Fireworks light up the globe as nations ring in 2026

CNN, citing sources, reported that the CIA had carried out a drone strike earlier this month on a port facility on the coast of Venezuela. U.S. President Donald Trump said the U.S. struck a facility where boats accused of carrying drugs "load up."

Caracas

Trump says U.S. strike hit dock in Venezuela

President Trump says the U.S. "knocked out" a "big facility" last week linked to alleged drug boat operations. Unlike previous operations at sea, this strike occurred on Venezuelan territory, though the president did not disclose specific details about the timing, location, or the party responsible for the attack.

Washington

Trump says U.S. launched strike on boat dock inside Venezuela

Tatiana Schlossberg, the granddaughter of President John F. Kennedy and an environmental journalist, has died at the age of 35 following a battle with cancer, the JFK Library Foundation announced Tuesday.

New York

Tatiana Schlossberg, JFK's granddaughter, dies at 35

The United Arab Emirates says it's withdrawing its remaining forces from Yemen. The move comes after Saudi Arabia bombed a port in Yemen, saying it targeted an arms shipment intended for a UAE-backed separatist force.

Al Mukalla

Saudi Arabia bombs port in Yemen

In an overnight strike, the Saudi military hit a Yemeni port saying they were neutralising a weapons shipments arriving from UAE. The UAE has denied the shipment contained weapons and claimed the vehicles were not intended for any groups. Both countries have supported the fighting sides in the over-decade long war in Yemen, but this strike has turned this rivalry into an open dispute.

The UAE denies shipping weapons to Yemen after overnight Saudi strike

The Kremlin said Tuesday it would toughen its negotiating position in talks on ending the war in Ukraine after accusing Kyiv of attacking a Russian presidential residence — an allegation that Kyiv said was baseless and intended to prolong the conflict.

Russia will toughen negotiating stance on war in Ukraine

China fired rockets into waters off northern and southern Taiwan on Tuesday (December 30) and deployed new amphibious assault ships alongside bomber aircraft and destroyers on the second day of its most extensive war games.

Taipei City

China fires rockets towards Taiwan in war games simulating blockade

President Donald Trump on Monday confirmed an alleged drug-related site was targeted during a recent strike, saying, "they load the boats up with drugs, so we hit all the boats and now we hit the area." Trump did not say when the strike happened or exactly where.

U.S. strike hits Venezuelan port facility

The search for Malaysia Airlines flight 370 that went missing in 2014 with 239 people on board is expected to resume Tuesday (December 30). The Malaysian government and a private marine robotics company say they will use advances in technology to aid in the search.

Kuala Lumpur

Search resumes for Malaysia Airlines flight that disappeared in 2014

The two countries have agreed to hold fire, freeze troop movements and allow civilians to return home under a new agreement.

Krong Poi Pet

Thailand-Cambodia ceasefire holds as 72-hour observation period ends

Head of Yemen's presidential council, which is supported by Saudi Arabia, says UAE-backed forces in the country should leave within 24 hours.

Yemen’s presidential council cancels UAE defence deal

U.S. President Donald Trump said the United States could support another major strike on Iran were it to resume rebuilding its ballistic missile or nuclear weapons programs and warned Hamas of severe consequences if it does not disarm.

Florida

Trump warns Iran of possible strike, urges Hamas to disarm

U.S. hit an area in Venezuela where boats are loaded with drugs, Trump says, as Pentagon carries out another deadly strike in the Pacific. This claim follows a series of U.S. strikes on boats in the Eastern Pacific, raising the total number of known strikes to 31 and resulting in over 100 deaths.

Trump claims attack on a dock in Venezuela, strikes kill two in Pacific

The Taiwanese government says it has placed its forces on alert as China intensifies its military presence in the Indo-Pacific Ocean and launches air, navy and rocket drills around the island.

Taiwan's forces on alert as China launches military drills

Ukrainian President Volodymyr Zelenskyy is denying Russian Foreign Minister Sergei Lavrov’s claim that Ukraine tried to attack President Vladimir Putin's residence in northern Russia.

Kyiv

Ukraine Invasion

Zelenskyy denies Russian claim that Ukraine targeted Putin’s residence

President Trump said after a meeting with Israeli Prime Minister Benjamin Netanyahu that Hamas must disarm soon or "there will be hell to pay." He said the next phase of the Gaza peace plan could move forward quickly if Hamas disarms.

Trump warns "hell to pay" if Hamas doesn't disarm

CBC’s Kris Reyes highlights the biggest AI advancements in 2025 along with the continued calls to establish clear boundaries in an effort to prevent misuse.

DeepSeek and the biggest AI advancements in 2025

Russia accused Ukraine on Monday (December 29) of trying to attack President Vladimir Putin's residence in northern Russia, although it provided no evidence to back up an assertion that Kyiv dismissed as baseless and designed to undermine peace negotiations.

Russia claims Ukraine tried to attack Putin residence

Two helicopters collided above Hammonton, New Jersey, and one person has died, officials say. CBS News' Elaine Quijano reports.

Hammonton

Helicopters collide in New Jersey

U.S. President Donald Trump is meeting with Israeli Prime Minister Benjamin Netanyahu in Florida on Monday (December 29) as questions linger about the future of the U.S.-backed ceasefire in Gaza.

Palm Beach

Trump and Netanyahu meet in Florida to discuss Gaza ceasefire

British-Nigerian boxer Anthony Joshua was involved in a road accident on Monday in Makun, Ogun State, south-west Nigeria.

Makun

British boxer Anthony Joshua survives car crash that killed two others

In a new show of force, China has mobilized its navy, air force, and ground troops to simulate a blockade of the self-ruled island's key ports. The military drill comes on the heels of an $11bn US arms sale to Taipei.

China stages new military exercises around Taiwan

U.S. President Donald Trump said he believes both Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin truly want peace as he and Zelenskyy met in Florida. Some experts say Trump is 'delusional' if he truly thinks Putin wants peace.

Trump-Zelenskyy meeting ends with optimism but no deal

Although the U.S. security guarantees for Ukraine have been "100% agreed," they have a short expiration date, the Ukrainian president explained after revealing more details following his meeting with Trump on Sunday.

U.S. security guarantees for Ukraine set for 15 years, Zelenskyy says

China's military moved army, naval, air force and artillery units around Taiwan on December 29 for its "Justice Mission 2025" drills, as the island vowed to defend democracy and mobilized troops to rehearse repelling a potential Chinese attack.

China launches 'Justice Mission 2025' war games around Taiwan

President Trump spoke with Russian President Vladimir Putin by phone before meeting with Ukrainian President Volodymyr Zelenskyy in Florida on Sunday. Trump said he thinks both men are ready for peace.

Trump meets with Zelenskyy, insists Putin is ready for peace

Far-right politics have pushed further into the mainstream across much of Europe. Populist parties, even in opposition, are shaping national debates on migration and the economy. The trend reflects growing voter frustration over living costs, borders and political trust.

Breakdown