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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOver-reliance on the Fed caused market volatility, says Jefferies' David ZervosDavid Zervos, Jefferies chief market strategist; Peter Boockvar, CIO of Bleakley Financial Group; and CNBC's Steve Liesman join 'The Exchange' to discuss the Federal Reserve's pivot on interest rates.
Persons: Jefferies, David Zervos David Zervos, Peter Boockvar, Steve Liesman Organizations: Fed, Jefferies, Bleakley Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA rise in gold prices is not a good backdrop for rate cuts, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO, and Jeff Krumpelman, chief investment strategist at Mariner Wealth Advisors, join CNBC's 'The Exchange' to break down their reactions to yield spikes, the bullish case for gold, and more.
Persons: Bleakley's Peter Boockvar Peter Boockvar, Jeff Krumpelman, CNBC's Organizations: Bleakley Financial, Mariner Wealth Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings growth could benefit stocks more than Fed policy, says G Squared's Victoria GreenePeter Boockvar, Bleakley Financial Group chief investment officer, and Victoria Greene, G Squared Private Wealth founding partner and CIO, join 'The Exchange' to discuss the timing of the first Fed rate cut, how equities might move in the absence of rate cuts, and more.
Persons: Victoria Greene Peter Boockvar, Victoria Greene Organizations: Bleakley Financial Group, Private Wealth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is 'still stubborn' in the market, says Miramar's Max WassermanMax Wasserman, Miramar Capital senior portfolio manager, and Peter Boockvar, Bleakley Financial Group chief investment officer, join 'The Exchange' to discuss the timeline for Fed rate cuts, the outlook for equities, and more.
Persons: Miramar's Max Wasserman Max Wasserman, Peter Boockvar Organizations: Miramar Capital, Bleakley Financial Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoes the Fed still have room to cut rates amid recent inflation data? Peter Boockvar, Bleakley Financial Group chief investment officer, joins 'The Exchange' to discuss how recent inflation data could affect the Fed's rate decisions, parallels between the economy today and in the 1970's, and more.
Persons: Peter Boockvar Organizations: Bleakley Financial Group
Market optimism is reaching a fever pitch that could be cause for concern at least over the near term, according to sentiment surveys this week. The Investors Intelligence survey, which polls market newsletter authors, showed bullishness Wednesday at 60.9% and bears at just 14.5%, according to Peter Boockvar, chief investment officer at Bleakley Financial Group. Similarly, the American Association of Individual Investors survey , which polls retail investors, indicated bullishness ahead by 45.9% to 21.9%. These surveys are useful primarily as contrarian indicators — when sentiment gets stretched in either direction, they serve as a cue for investors to move the other way. "Bottom line, in the short term this is very much worth taking note where a market rest/consolidation/digestion/correction/pullback, etc... are now more possible," he added.
Persons: Peter Boockvar, Boockvar Organizations: Investors Intelligence, Bleakley Financial, American Association of, Investors, Bulls
The Trump administration used delegated authorities under three trade laws to unilaterally levy tariffs without Congressional approval. The Trump administration tariffs kickstarted a shift in supply chain strategy which, according to Frank, became more well-developed by customers during Covid, when they contemplated moving factories and production out of China. He expects any increase in tariffs during a second Trump presidency to lead to a greater shift in trade from China to Mexico to avoid the tariffs. "If you charge tariffs to China, they're going to build ... their car plants here and they're going to employ our people," Trump said. S&P Global research shows that China's share of the imports of products covered by tariffs imposed by the Trump administration has dropped.
Persons: Donald Trump, Trump, Niki Frank, Frank, Beth Whited, they'd, Paul Brashier, Chris Rogers, Biden, Rogers, Jon Gold, John Taylor IV, Taylor, Peter Boockvar, Critics, it's, that's Organizations: United, Canada Trade, White, CNBC, Global, Trump, China, Biden, OF DHL, Union, Canadian Pacific, Canadian Pacific Kansas City, Union Pacific, ITS Logistics, P Global, Vietnam, National Retail Federation, Berlin Packaging, Trade, Bleakley Financial, ASEAN Locations: United States, Mexico, Canada, Washington , DC, U.S, OF DHL Asia, Long Beach , California, China, Union Pacific, Canadian Pacific Kansas, East, West, Vietnam, Malaysia, South Korea, CNBC Mexico, Europe, Thailand, Indonesia
But some investors are concerned markets could be due for a broader unwind without the help from AI names. As it is, five of the Magnificent Seven names dropped last week, with the exception of Nvidia and Meta Platforms. That advance has helped the S & P 500 climb for 16 out of 19 weeks, notching record after record in its ascent. "A consolidation in the AI trade has been overdue for a while now, so Friday's key reversal day could signal the start of that unwind." NVDA 5D mountain Nvidia Crowding in AI Indeed, other market observers warned investors the overreliance on AI beneficiaries this year could mean danger for the overall market.
Persons: Jonathan Krinsky, Peter Boockvar, semi's, Dubravko, BTIG's Krinsky, there's, Russell, Chris Verrone, Goldman Sachs, Krinsky, Samantha Subin Organizations: Nvidia, Meta, Apple, AMD, Bleakley Financial, Google, JPMorgan, Sunday
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is resilient and fine but feels soft: Moody's Mark ZandiPeter Boockvar, Bleakley Financial Group CIO, Mark Zandi, Moody's Analytics chief economist, and CNBC's Steve Liesman join 'The Exchange' to discuss their take from Fed Chair Jerome Powell's testimony, whether the Fed is in the mood to cut interest rates soon, and more.
Persons: Mark Zandi Peter Boockvar, Mark Zandi, Steve Liesman, Jerome Powell's Organizations: Bleakley Financial
Gold futures settled at the highest level ever on Monday as traders bet the Federal Reserve will start cutting interest rates in the second half of the year. When adjusted for inflation, gold set an all-time high of about $3,200 in 1980, according to Peter Boockvar, chief investment officer at Bleakley Financial Group. Gold has has performed well despite high interest rates and a strong dollar, he said. Gold now has upside on the expectation that the Fed will start cutting interest rates this year as inflation comes down, hesaid. Traders are betting the Fed will cut rates in June, according to the CME Fed Watch Tool.
Persons: It's, Peter Boockvar, Boockvar, Gold, Bart Melek, Melek Organizations: Federal Reserve, Miners, Bleakley Financial, TD Securities, Fed, Traders, CME Locations: U.S, Ukraine, China, Saudi Arabia
watch nowRespondents to the CNBC Fed Survey see fewer interest rate cuts than the market's aggressive outlook, with the central bank starting them later in the year than traders currently hope. Fifty percent see a cut in May and only in June is there a majority of 70% predicting that rates go down. And while futures markets have priced in between five and six rate cuts, survey respondents, on average, see just a bit more than three. It's fairly typical for this group of Fed watchers to be more closely aligned with the Fed's outlook than the market. By 2025, the market, the survey and the Fed forecasts all converge on a Funds rate between 3.3% and 3.6%.
Persons: Joel Naroff, Jerome Powell, Jay, Powell, Peter Boockvar Organizations: CNBC, Federal Reserve, Naroff, Fed, Bleakley Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors can expect the first Fed rate cuts in June, says Citi's Veronica ClarkVeronica Clark, Citi economist, and Peter Boockvar, Bleakley Advisory Group CIO, joins 'Squawk Box' to discuss the state of the economy, latest market trends, the Fed's rate path outlook, and more.
Persons: Citi's Veronica Clark Veronica Clark, Peter Boockvar Organizations: Citi, Bleakley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket rally is not sustainable, Bleakley Financial Group’s Peter Boockvar suggestsPeter Boockvar, Bleakley Financial Group, on the rally's staying power with CNBC’s Melissa Lee and the Fast Money traders.
Persons: Peter Boockvar, Melissa Lee Organizations: Email, Bleakley Financial, Fast Money
Rallies in the stock and bond markets could be undone by the very thing that seems to be underpinning the moves higher. The Fed relies on an amorphous group of indicators collectively known as "financial conditions" to help judge the state of play on policy. True to form, a Chicago Fed baromete r is showing financial conditions at their easiest since early February 2023. But I think they don't want to be premature, because they also know there's a risk of the economy restarting with the loosening of financial conditions. "That does not necessarily support the 'happy days are here again' everything-rally that we're currently seeing in the market."
Persons: Jerome Powell, Roger Ferguson, Powell, Jay Powell, Peter Boockvar, they're, Ferguson, Wharton, Jeremy Siegel, we're Organizations: Federal Reserve, Treasury, Dow Jones, Bleakley Financial, Chicago Fed, Committee, Traders, Fed, Group, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Peter Boockvar and Katerina SimonettiPeter Boockvar, Bleakley Financial Group, and Katerina Simonetti, Morgan Stanley, join 'The Exchange' to discuss the surge in gold prices, what's behind the rally and more.
Persons: Peter Boockvar, Katerina Simonetti Peter Boockvar, Katerina Simonetti, Morgan Stanley Organizations: Bleakley Financial
I expect gold to surge higher, says Bleakley's Peter Boockvar
  + stars: | 2023-12-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI expect gold to surge higher, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group, and Katerina Simonetti, Morgan Stanley, join 'The Exchange' to discuss the surge in gold prices, what's behind the rally and more.
Persons: Bleakley's Peter Boockvar Peter Boockvar, Katerina Simonetti, Morgan Stanley Organizations: Bleakley Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney's parks business is their most profitable asset, despite streaming focus, says Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO, discusses his expectations for Disney's earnings report.
Persons: Peter Boockvar Peter Boockvar Organizations: Bleakley Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect higher interest rates in 2024, says Bleakley's Peter BoockvarPeter Boockvar, CIO of Bleakley Financial, and Julia Coronado, Macropolicy Perspectives founder, join 'The Exchange' to discuss the outlook for rate hikes, the likelihood of a recession, and more.
Persons: Bleakley's Peter Boockvar Peter Boockvar, Julia Coronado Organizations: Bleakley, Macropolicy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Peter Boockvar and Julia CoronadoPeter Boockvar, Julia Coronado, and CNBC's Steve Liesman join 'The Exchange' to discuss the outlook for rate hikes, the likelihood of a recession, and more.
Persons: Peter Boockvar, Julia Coronado Peter Boockvar, Julia Coronado, Steve Liesman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'All-clear' signal from Fed hike cycle is years away, warns top investor Peter BoockvarPeter Boockvar, Bleakley Financial Group chief investment officer, joins 'Fast Money' to talk what could come out of Wednesday's FOMC meeting, where the U.S. economy stands, the real estate market and more.
Persons: Peter Boockvar Peter Boockvar Organizations: Bleakley Financial Group
As recently as the summer, respondents had forecast rate cuts in the beginning of next year. The change can also be seen in the outlook for the fed funds rate, the central bank's benchmark for short-term lending costs. It's now forecast on average to end 2024 at 4.6%, assuming about 75 basis points of rate cuts. In June, the year-end 2024 funds rate was forecast at 3.8%, which assumed 125 basis points of cuts. Some 60% of respondents see the Fed hitting its inflation target in 2025 or sometime after that, and 19% don't believe the Fed will ever get there.
Persons: Jerome, Powell, Peter Boockvar, Robert Brusca, Troy Ludtka Organizations: CNBC, Survey, Federal Reserve, Bleakley Financial, Fed, Nikko Securities
Stock futures were slightly lower Tuesday evening as Wall Street geared up for the Federal Reserve's latest policy decision on interest rates after closing out a terrible month. Futures tied to the Dow Jones Industrial Average were 50 points lower, or down 0.15%. S&P 500 futures and Nasdaq 100 futures each shed about 0.2%. The Dow and the S&P 500 ended the month lower by 1.4% and 2.2%, respectively, marking the first three-month losing streak for both indexes since March 2020. Although November is a historically strong month for markets, investors are keeping an eye on a peak in bond yields.
Persons: Jerome Powell, Peter Boockvar, Stocks, Dow Organizations: Federal, Dow Jones, Nasdaq, China Holdings, Devices, Treasury Locations: Washington
Architecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could see even more pain in the next year. The index is a forward-looking indicator of demand for non-residential construction activity, both commercial and industrial buildings. Commercial real estate has been hit with a double whammy. Among real estate sectors, firms with a multi-family residential focus saw more of a decline. Multi-family construction boomed over the last few years, with a record number of units now flooding the market and putting pressure on rents.
Persons: Kermit Baker, bode, Peter Boockvar Organizations: AIA, Billings, Bleakley Financial Locations: billings
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig cap tech is wildly overvalued considering the rise in rates, says Bleakley's Peter BoockvarJeff Krumpelman, Mariner Wealth Advisors chief investment strategist, along with Peter Boockvar, Bleakley Financial Group chief investment officer, join 'The Exchange' to discuss bond market activity taking over the job of the Fed, the negative impact rising rates are having on equities, and fiscal debt and geopolitical tensions causing near term P/E contraction.
Persons: Bleakley's Peter Boockvar Jeff Krumpelman, Peter Boockvar Organizations: Mariner Wealth Advisors, Bleakley Financial Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's interview with Mariner Wealth's Jeff Krumpelman and Bleakley Financial's Peter BoockvarJeff Krumpelman, Mariner Wealth Advisors chief investment strategist, along with Peter Boockvar, Bleakley Financial Group chief investment officer, join 'The Exchange' to discuss bond market activity taking over the job of the Fed, the negative impact rising rates are having on equities, and fiscal debt and geopolitical tensions causing near term P/E contraction.
Persons: Mariner, Jeff Krumpelman, Bleakley, Peter Boockvar Jeff Krumpelman, Peter Boockvar Organizations: Mariner Wealth Advisors, Bleakley Financial Group
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