Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Boockvar"


25 mentions found


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
"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.
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.
How Credit Suisse and SVB are connected: Fear
  + stars: | 2023-03-15 | by ( Allison Morrow | ) edition.cnn.com   time to read: +2 min
Credit Suisse shares crashed more than 20% in Zurich after the bank’s biggest shareholder chose not to increase its funding, dragging down European bank stocks along with it. Why are traders seeing a connection between the Credit Suisse turmoil and the collapse of two US banks last week? “Credit Suisse has been a slowing-moving car crash for years,” wrote Peter Boockvar, chief investment officer of Bleakley Financial Group. Customers withdrew billions from Credit Suisse last year, contributing to the bank’s biggest annual loss since the financial crisis in 2008. In short, the collapse of Silicon Valley Bank didn’t cause Credit Suisse to stumble, but it did put the embattled bank under even more intense scrutiny.
Shares of the Swiss bank fell more than 24% after its biggest backer said it won't provide further financial support. Credit Suisse announced on Tuesday that it had found " material weakness " in its financial reporting process from prior years. Bank stocks were under pressure on Wednesday as the sharp drop of Credit Suisse rattled a segment of the market that was already reeling from two large bank failures in the past week. Some regional bank stocks saw even bigger declines. Credit Suisse struggles come on the heels of the collapse of Silicon Valley Bank and Signature Bank in the U.S. Those failures caused steep sell-offs in regional bank stocks on Monday.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what the plummet in European bank stocks mean for U.S. marketsPeter Boockvar, Bleakley Financial Group CIO and CNBC contributor, joins 'Squawk Box' to make some understanding of the bank stock performance in Europe, if the plummet in European bank stocks has any ties to Credit Suisse and more.
The bond market's recession warning has gotten more urgent
  + stars: | 2023-03-13 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +5 min
The bond market is sending a more urgent recession warning and also signaling that the Federal Reserve may have to pause raising interest rates — giving up its fight against inflation. The sharp move in the 2-year yield also resulted in a rapid steepening of the yield curve. "The steepening always starts to happen because the market expects the Fed to cut rates in response to that recession." DoubleLine Capital CEO Jeffrey Gundlach also said the "aggressively steepening" of the Treasury yield curve after inversion is "highly suggestive of imminent recession." The 2-year yield jumped above 5% after he spoke.
And for the US economy, it could likely mean a “Wile E. Coyote moment,” Summers said — if we run off the cliff, gravity will eventually win out. AntibioticsWhen describing the state of the economy, Summers doesn’t just rely on Looney Tunes. “Will working people be better off if we just walk away from our jobs and inflation remains 5% or 6%?” Powell replied. Before the Bell: Is it necessary to increase the unemployment rate to successfully fight inflation? In a related action, the government shut down Signature Bank, a regional bank that was teetering on the brink of collapse in recent days.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is definitely moving toward a hard landing, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO, joins 'Closing Bell: Overtime' to discuss his call that there's zero chance the Fed's next rate hike will be 50 bps.
Economists expect hiring remained strong in February and that wages grew even faster than they did in January. Economists forecast 225,000 new jobs were added in February, lower than January's surprisingly strong 517,000 jobs, according to Dow Jones. The unemployment rate is expected to hold steady at 3.4%. The persistently strong jobs market and hotter-than-expected January inflation data changed the outlook for the Fed. The futures market is now pricing an end point for Fed rate hikes near 5.75%, against the current target range of 4.50%-4.75%.
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. There's no need to speculate anymore — in the first of his Congressional hearings, Powell said outright that the Fed might raise interest rates higher and faster than officials had projected last year. This means that rates could not only go beyond 5.25%, but the Fed could also return to 50-basis-point 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. There's no need to speculate anymore — in the first of his Congressional hearings, Powell said outright that the Fed might raise interest rates higher and faster than officials had projected last year. This means that rates could not only go beyond 5.25%, but the Fed could also return to 50-basis-point 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 Laffer Tengler's Nancy Tengler and Bleakley's Peter BoockvarNancy Tengler, Laffer Tengler Investments, and Peter Boockvar, Bleakley Financial Group, join 'The Exchange' to discuss mixed messages from the Fed and how they're impacting the market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLaffer Tengler's Nancy Tengler on Powell: The market doesn't like his unpredictabilityNancy Tengler, Laffer Tengler Investments, and Peter Boockvar, Bleakley Financial Group, join 'The Exchange' to discuss the perceived mixed messages from the Fed and how that's impacting the market.
The seesaw-like tension between interest rates and stock prices should remain in play in the week ahead, as investors focus on comments from Federal Reserve Chairman Jerome Powell and the February employment report. There are few earnings in the week ahead, so economic data will likely be a main driver for stocks, along with the comments from Powell. The futures market is pricing in a high chance for a quarter point, or 25 basis point hike in March. Week ahead calendar Monday Earnings: WW International, ThredUp, Trip.com, Lordstown Motor, Ciena, Grindr 10:00 a.m. Initial claims 10:00 a.m. Fed Vice Chair for Supervision Michael Barr Friday Earnings: Embraer 8:30 a.m. Employment report 2:00 p.m. Federal budget
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou sense the market is desperately hoping the Fed is done hiking interest rates, says Peter BoockvarBleakley Financial Group's Peter Boockvar joins Eamon Javers and the 'CNBC Special: Taking Stock' to discuss the markets and the Fed, and where he sees things heading from here. With CNBC's Mike Santoli.
Stock futures tick lower on Thursday night: Live updates
  + stars: | 2023-03-02 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
U.S. stock futures inched downward on Thursday night as investors pondered the Federal Reserve's rate-hiking path in light of fresh commentary from central bank speakers. S&P 500 and Nasdaq 100 futures dipped 0.15% and 0.21%, respectively. The S&P 500 is up 0.28%, while the Nasdaq has a 0.60% gain. The road ahead is a tough one for the central bank, regardless of the messaging they're relaying to the public. Investors will also listen for further commentary from central bank officials, including Fed Governor Michelle Bowman and Richmond Fed President Thomas Barkin.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is still seeing impact from stimulus, says Leuthold’s Doug RamseyBleakley’s Peter Boockvar and Leuthold’s Doug Ramsey join 'The Exchange' to discuss markets and the economy ahead of today's Fed minutes.
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 Leuthold’s Doug RamseyBleakley’s Peter Boockvar and Leuthold’s Doug Ramsey, joins 'The Exchange' to discuss markets and the economy ahead of today's Fed minutes.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA lot of investors were underweight earlier in the year, says Edward Jones' MahajanMona Mahajan of Edward Jones joins Bleakley Advisory Group's Peter Boockvar and the 'CNBC Special: Taking Stock' to discuss investors' post-CPI playbook.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll of Asia is going to benefit from China's reopening, says Bleakley Advisory Group's Peter BoockvarBleakley Advisory Group's Peter Boockvar joins Frank Holland and the 'CNBC Special: Taking Stock' to discuss this morning hotter-than-expected CPI report and what it means for the Fed going forward.
Total: 25