and also still with us peter boockvar. bill, good to see you this morning.is question especially if they have losses in bonds are or are worried about what might happen there. am i supposed to jump in at record highs? >> thanks for having me, kelly. i think it's really hard to time the stock market. and our advice to look at the target allocations and rebalance. if somebody was smart enough after brexit when the market was down a lot lower to have rebalanced and gotten to their target -- then they probably should be trimming. but that's not the situation most investors are in. most investors haven't gotten back to the levels that they would have had in the early 2000s. so i don't think it's too late for most investors to get in. >> i'm glad you put it that way, but it raises a related question which is what is the right mix. i know that's specific for every single person, but there's a lot of people, you know, if you think of the baby boomer generation who has been pushed into bonds. are they supposed to keep the asset allocation? are they supposed to make d

going to talk strategy with peter boockvar and hans olson., tweets on trump's nuclear policy. "squawk box" will be right back. ♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. i thyou never got the brakes looked at? oh yeah...no. at cognizant, we're helping today's leading manufacturers make things that think and do, automatically. imagine that. a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready. because we're helping leading companies lead with digital. >>> tweeter in chief. president-elect donald trump moving stocks again after tweeting about the f-35 program and expanding america's nuclear capabilities. we check on shares of lockheed martin and spe

>> i'd like to welcome peter boockvar, no stranger to cnbc viewers and listeners. . >> thanks for having me. >> all right. listen, if you were king, before the election, the end of october this year, you could peg funds where you thought they would be appropriately placed, where would you have put that level? >> 1.75% to 2%, historically it's been 200 to 300 basis points above the rate of inflation. let's not get ahead of ourselves. let's call it around the rate of inflation, 1.75% to 2%. >> coming into 2016, what did janet yellin and her committee through all the various connect my dots, what did they peg as a number for rate hikes for 2016 at the end of 2015? >> in their crystal billion ball, they expected four rate hikes in 2016. >> and of course we received one. >> correct. >> is there any way we'll see more adversarial coverage of this really poor track record of predicting and giving us any type of significant forward guidance? the only way we'll get more adversarial coverage of this is, what, to have a donald trump when he becomes president, when he puts forw

peter boockvar, thank you. >> thank you. >> and kelly. >> and kelly. >> "squawk on the street" begins right now. ♪ >>> good friday morning. welcome to "squawk on the street." i'm carl quintanilla, jim cramer, david faber at the new york stock exchange. big morning not just with those record closes for the major indices, but we're watching coca-cola. muhtar kent stepping down effective may 1. europe's in the green. the dax is looking at a 6% climb for the week. oil's back above 51 and we will get michigan confidence in an hour. >>> changes at coke, long-time ceo muhtar kent stepping down. details coming up. >>> march to 20,000, how high can the trump rally go? >>> and president-elect's cabinet team looks to include a fast food executive, but is he good for small business? >>> first up though, 13 is a lucky number for the trump rally. that's how many days the dow has closed at record highs since the election. the blue chips marching toward 20k, s&p and dow transports hitting fresh all-time highs in thursday's session. last night at his thank you event in iowa the president-elect spoke a