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
Chinese property stocks rallied last week because there was an official announcement of what was speculated recently – namely, that local governments were going to start buying some of the unsold residential real estate developer apartment inventory, partly financed by central bank lending. We remain bullish and long some stocks in Hong Kong where the Hang Seng is now up 14.7% year to date, notes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
GLOBAL
New home sales in February totaled 662,000, little changed from the 664,000 print seen for January. That was 15,000 less than expected. Smoothing out this volatile number puts the three-month average at 660,000 versus the six-month average of 659,000 and 12-month average of 671,000, recounts Peter Boockvar, editor of The Boock Report.
Peter Boockvar
REAL ESTATE
Yesterday, ADP said a net 140,000 private sector jobs were created in February, just under the estimate of 150,000 and compared with 111,000 in January. Meanwhile, in the January “JOLTS” report, the quit rate fell to the lowest level since January 2018 not including Covid, writes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
ECONOMICS
Both headline and core CPI saw one-tenth-greater-than-expected prints for January, up 0.3% and 0.4% month-over-month. The year-over-year gains were two-tenths above the estimates at up 3.1% and 3.9% respectively, versus 3.4% and 3.9% in the month prior. The data is a reminder that while inflation is decelerating in its rate of change, hitting a target of 2% is not a snap of the finger, explains Peter Boockvar, editor of The Boock Report.
Peter Boockvar
ECONOMICS
