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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm more worried about prolonged anemic growth than hard of soft landing: Bleakley’s Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO, and Allen Sinai, Decision Economics president and former Lehman Brothers chief economist, join 'Squawk Box' to discuss the Fed's rate hike campaign, whether a soft landing can be achieved, and more.
Persons: Peter Boockvar Peter Boockvar, Allen Sinai Organizations: Bleakley Financial, Lehman Brothers
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech and homebuilder trades getting earnings ‘reality check,’ says investor Peter BoockvarPeter Boockvar, Bleakley Financial Group, Chief Investment Officer, joins 'Fast Money' to talk earnings season, the state of A.I. trades, the strength of the market rally and more.
Persons: , Peter Boockvar Peter Boockvar Organizations: Tech, Bleakley Financial Group, Chief Locations: A.I
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed needs to be stubborn with keeping rates higher for longer, says Bleakley's Peter BoockvarSandy Villere, Villere and Co. partner, and Peter Boockvar, Bleakley Financial Group CIO, join 'The Exchange' to talk the Federal Reserve, the latest CPI report and more.
Persons: Bleakley's Peter Boockvar Sandy Villere, Peter Boockvar Organizations: Bleakley Financial, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestor confidence dissipating ahead of 'reality check' earnings season, says Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO and CNBC's Dominic Chu, join 'The Exchange' to discuss the bond market's recent performance, if investors are confident in the situation with the banks, and much more.
Persons: Peter Boockvar Peter Boockvar, CNBC's Dominic Chu Organizations: Bleakley Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigher rates for longer will create a 'death by one thousand cuts economy': Bleakley’s BoockvarPeter Boockvar, Bleakley Financial Group CIO, joins 'Fast Money' to talk revelations from the Fed minutes, what is ahead for the central bank, and more.
Persons: Bleakley’s, Peter Boockvar Organizations: Bleakley Financial
The number of homes for sale this month was actually 7% higher than June of last year, according to Realtor.com. An even tighter housing market ahead means home prices are unlikely to cool. They began to fall because mortgage rates had doubled in a matter of months. "Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing," NAR's chief economist, Lawrence Yun, said in a release. Higher mortgage rates have been less of a factor, as builders, some of whom have their own mortgage arms, have been buying down rates for buyers.
Persons: Craig Lazzara, DJI, Lawrence Yun, hadn't, Peter Boockvar Organizations: Mortgage News Daily, National Association of Realtors, Census, Builders, Bleakley Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'I think the Fed is pausing' rate hikes regardless of jobs report, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO, joins 'Fast Money' to discuss the upcoming jobs report and a possible pause in rate hikes from the Federal Reserve.
Persons: Bleakley's Peter Boockvar Peter Boockvar Organizations: Bleakley Financial, Federal Reserve
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome Depot is facing a headwind from low home sales, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO, joins 'Power Lunch' to discuss Home Depot's weak consumer forecast and what it means for the economy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBleakley’s Peter Boockvar explains why he believes an economic downturn is inevitablePeter Boockvar, Bleakley Financial Group CIO, joins 'Squawk Box' to discuss the results from the Fed's quarterly Senior Loan Officer Opinion Survey, and why a recession is likely unavoidable.
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. Berkshire's B shares climbed 1.5% in premarket trading, set to add to their 5% gain so far this year. — Berkshire Hathaway shares rose on Monday as Warren Buffett's conglomerate wooed investors with a strong earnings report and an insightful "Woodstock for Capitalists" over the weekend. The strong performance was driven by a rebound in Berkshire's insurance business, especially auto insurer Geico. Geico's surprise recoveryGeico, the crown jewel of Berkshire's insurance empire and Buffett's favorite child, saw a big turnaround in the quarter, returning to an underwriting profit of $703 million.
Executives at trucking giant JB Hunt recently sounded the alarm about a freight recession. Over-buying during the pandemic is depressing the demand for goods, which is impacting freight and transport. Executives at trucking giant JB Hunt sounded the alarm over a "freight recession" at a first-quarter conference call last week. A freight recession basically means there are fewer trucks delivering goods across America. Notably, the freight recession is not a US-only problem.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices could rise if Fed stops hiking rates, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group, joins 'The Exchange' to discuss the latest remarks from the Fed.
Warren Buffett has grown even fonder of his favorite Japanese trading houses, hiking his already-large investments and teasing of more to come. Berkshire Hathaway raised its stakes in five Japanese trading houses — Mitsubishi Corp. , Mitsui & Co ., Itochu Corp. , Marubeni and Sumitomo — all to 7.4%. Buffett will appear live from Japan on CNBC's "Squawk Box" on Wednesday from 6 a.m. to 9 a.m. The five trading houses — roughly akin to a conglomerate structure, just like Berkshire— seem to check every box of Buffett's stock-picking criteria. In light of expectations for tighter policy, BlackRock , the world's largest asset manager, last month cut Japanese stocks to "underweight."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIn 3 to 6 months service inflation will slow dramatically, says Bleakley's Peter BoockvarTorsten Slok, chief economist at Apollo Global Management, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss regional banks reorganizing balance sheets, the prolonged effects of a credit crunch, and future Fed policy plans.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Apollo's Torsten Slok and Bleakley's Peter BoockvarTorsten Slok, chief economist at Apollo Global Management, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss regional banks reorganizing balance sheets, the prolonged effects of a credit crunch, and future Fed policy plans.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Citi's Steven Wieting and Bleakley's Peter BoockvarSteven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss market expectations for Fed policy, gauging recession concerns and dislocations in the market for banks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's could be the start of layoffs outside of tech, says Bleakley's Peter BoockvarSteven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss market expectations for Fed policy, gauging recession concerns, and dislocations in the market for banks.
Are we going to celebrate the end of Fed rate hikes because things have started to hit the fan?" Strategists pointed to Powell's comment that financial conditions may have tightened more than it appears in traditional market measures, which would be stocks and bond spreads. "Number one, he remains unwavering on inflation, and he does acknowledge he sees a tightening of credit conditions. Briggs also called out Powell's comments about the impact from credit tightening , and the effect those actions can have. "That tightening via credit conditions can take the place of hikes (and vice versa if we don't get tighter credit conditions)," he said. "
Investors will be looking for assurances from Fed Chairman Jerome Powell that the central bank can contain the banking problems. Expectations for Fed rate hikes also moved dramatically: What was expected to be a half-point hike two weeks ago is now up for debate at a quarter point or even zero. He said the Fed will not likely say it is going to pause, but its messaging could be interpreted that way. Depending on their [projections], I think the market will think this is the final hike." Swonk also expects the Fed to withhold its so-called dot plot, the chart on which it shows anonymous forecasts from Fed officials on the path for interest rates.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed needs to 'call a timeout' and stop hiking rates, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group, on what bank closures mean for the Fed. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Julie Biel.
Even with Friday's sell-off, the S & P 500 and Nasdaq scored gains for the week. The S & P 500 rose 1.4%, compared to a tiny loss of 0.2% in the Dow . "If the U.S. economy is going into a recession, they're going to be buying less cloud service. On Friday, durable goods for February is reported, and there are releases of flash S & P Global PMI data for services and manufacturing. Durable goods 9:30 a.m. St. Louis Fed President James Bullard 9:45 a.m. S & P Global Manufacturing PMI 9:45 a.m. S & P Global Services PMI
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The banking turmoil in the U.S. — which appeared to be contained just yesterday — spread to Europe on Wednesday in the form of Credit Suisse. Tightening financial conditions and a slowdown in the economy are exactly what the Federal Reserve is hoping to engineer through its interest rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The banking turmoil in the U.S. — which appeared to be contained just yesterday — spread to Europe on Wednesday in the form of Credit Suisse. Tightening financial conditions and a slowdown in the economy are exactly what the Federal Reserve is hoping to engineer through its interest rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bleakley Financial Group's Peter Boockvar, Laffer Tengler's Nancy Tengler and CI RegentAtlantic's Andy KapyrinAndy Kapyrin, CI RegentAtlantic private wealth co-CIO, Nancy Tengler, CEO and CIO at Laffer Tengler Investments and Peter Boockvar, Bleakley Financial Group CIO, join 'The Exchange' to discuss pricing in the Fed's rate decision, mounting recession concerns, and the market response to banking sector turmoil.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA potential banking crisis could do the Fed's job for it, says CI RegentAtlantic's Andy KapyrinAndy Kapyrin, CI RegentAtlantic private wealth co-CIO, Nancy Tengler, CEO and CIO at Laffer Tengler Investments, and Peter Boockvar, Bleakley Financial Group CIO, join 'The Exchange' to discuss pricing in the Fed's rate decision, mounting recession concerns, and the market response to banking sector turmoil.
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