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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.
Wading through the mixed signals in the stock and bond markets
  + stars: | 2023-04-26 | 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 EmailWading through the mixed signals in the stock and bond marketsBleakley’s Peter Boockvar and The Wall Street Journal's Gunjan Banerji, join 'CNBC Special: Taking Stock 2023' to discuss the House passing a debt limit bill and the mixed action in the market.
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 EmailWatch CNBC’s full interview with Bleakley’s Peter Boockvar and G Squared’s Victoria GreeneBleakley’s Peter Boockvar and G Squared’s Victoria Greene, join 'Closing Bell: Overtime' to discuss their expectations for markets next week as many of the S&P 500 companies report earnings.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBleakley’s Peter Boockvar expects the SVB fallout to be an economic headwindBleakley’s Peter Boockvar and G Squared’s Victoria Greene, join 'Closing Bell: Overtime' to discuss their expectations for markets next week as many of the S&P 500 companies report earnings.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is making decisions on rearview mirror data, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial chief investment officer, joins CNBC's 'Squawk Box' to discuss disagreement among Fed officials on interest rate hikes and why he thinks a pause is a right move.
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.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Charles Schwab's Jeff Kleintop and Bleakley's Peter BoockvarJeff Kleintop, chief global investment strategist at Charles Schwab, and Peter Boockvar, Bleakley Financial chief investment officer, join 'The Exchange' to discuss European banking stocks and whether they are good investment long-term.
Here’s what experts think of European banking stocks
  + stars: | 2023-03-27 | 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 EmailHere’s what experts think of European banking stocksJeff Kleintop, chief global investment strategist at Charles Schwab, and Peter Boockvar, Bleakley Financial chief investment officer, join 'The Exchange' to discuss European banking stocks and whether they are good investment long-term.
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.
Yields, which move opposite price, were rising Thursday morning after the European Central Bank raised rates by a half percentage point. Yields moved even further after his report. Bleakley Financial's Peter Boockvar said the futures market moved to price in even higher odds of a Fed rate hike. On Wednesday, odds were about 50% for a quarter point rate hike, but in Thursday afternoon trading the odds jumped up to 86%. "Rate hike expectations have been rising all morning.
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.
"That being said, given the fact the Fed has tightened as aggressively as they have, the economy is still very good." But recent days have shown the Fed has another problem on its hands besides inflation. watch nowBecause prices fall when rates go up, the Fed hikes have cut into the market value of those fixed income holdings. Rate hike expected"If you're waiting for inflation to go back to 2% and that's what's caused you to raise rates, you're making a mistake," said Joseph LaVorgna, chief economist at SMBC Nikko Securities. Since the rate increases started, depositors have pulled $464 billion from banks, according to Fed data.
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.
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