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Peter Boockvar
CIO,
Bleakley Financial Group
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About Peter
Peter Boockvar is the chief investment officer at Bleakley Financial Group, a NJ-based wealth management firm. He is also the editor of The Boock Report, a macro market newsletter. Prior to joining Bleakley, he was the chief market analyst at The Lindsey Group, a macro economic and market research firm founded by former Federal Reserve Governor Larry Lindsey. Before this, Mr. Boockvar worked as a macro analyst and portfolio manager for a brief time at Omega Advisors and had previously been a partner at Miller Tabak + Company where he was the equity strategist and a portfolio manager.
Peter's Articles
New home sales rose to 724,000 in March from 674,000 a month prior. That was about 40,000 more than forecast. Likely helping was the drop in mortgage rates in March. But that has proven short-lived as rates have risen since. Supply is also climbing, advises Peter Boockvar, editor of The Boock Report.
Peter Boockvar
REAL ESTATE
The March Producer Price Index unexpectedly fell 0.4% on the headline, versus the estimate for a rise of 0.2% (after a one-tenth gain in February, which was revised up by one tenth). But core goods prices, in light of tariffs, are now the key figure to watch, explains Peter Boockvar, editor of The Boock Report.
Peter Boockvar
ECONOMICS
Core retail sales in November rose 0.4% month-over-month, as expected, after a one-tenth decline in October. Not included in the core print was the 2.6% MOM jump in auto sales/parts after a 1.8% rise in October. For perspective, over the past 10 years, YOY core retail sales growth was 5.4%. It was 4.3% in November, notes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
ECONOMICS
In a post-election boost, the November NFIB Small Business Optimism index jumped eight points, a rather large one-month move, to 101.7. That’s the highest since June 2021. I'm not sure if this survey on small business is going to make it into the deliberations at the Federal Reserve. But it should, observes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
ECONOMICS