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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed is feeling peer pressure, but Powell doesn't want to see inflation climb again: Peter BoockvarPeter Boockvar, Bleakley Financial Group, joins 'Fast Money' to talk the state of the economy and what's next for the Federal Reserve.
Persons: Powell, Peter Boockvar Peter Boockvar Organizations: Bleakley Financial, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoockvar: 10-year yield is a trigger for buying or selling of stocksPeter Boockvar, Chief Investment Officer at Bleakley Financial Group, discusses rates, inflation, and this week's bond auction.
Persons: Peter Boockvar Organizations: Bleakley Financial
Sales of newly built homes dropped 4.7% in April compared with March, and dropped a larger 7.7% from the prior year, the U.S. Census said Thursday. Higher mortgage rates are clearly hampering sales. Some of that is due to the mix of homes selling, which is mostly on the higher end of the market. Those buyers are not as influenced by mortgage rates, as they often use all cash. The big production builders have been buying down mortgage rates to help boost sales, but they are able to do that because of their size.
Persons: Peter Boockvar, Robert Dietz, NAHB's Organizations: Spring Barbera Homes, Builders, Toll Brothers, Bleakley Financial, CNBC, National Association of Home Builders, Wells Fargo . Locations: Loudonville , New York, U.S, Horton, Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed is in 'wait and see' mode on rate policy timeline, says Bleakley's Peter BoockvarPeter Boockvar, chief investment officer at Bleakley Financial Group, joins CNBC's 'The Exchange' to discuss the Fed's rate policy stance, signals from the metal rally, and more.
Persons: Bleakley's Peter Boockvar Peter Boockvar Organizations: Bleakley Financial
Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website, according to a statement from the agency. The statement provided few details but noted that the Labor Department agency has notified the Office of Management and Budget and the department's Office of the Inspector General. There was no other information provided concerning the early release of the CPI, a key inflation indicator that showed another increase in April, though slightly less than what the Wall Street consensus had anticipated. ET release, though there was little unusual activity in the half-hour prior, indicating that the early release was not widely seen and did not materially impact trading. Core inflation, which excludes food and energy, ran at a 0.3% rate monthly rate and 3.6% annually, the lowest since April 2022.
Persons: Wednesday's, Peter Boockvar, Trump, Boockvar, Stocks Organizations: Bureau of Labor Statistics, BLS, Labor Department, Management, Budget, CPI, Bleakley Locations: Washington
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 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 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 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
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 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
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
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
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
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