STOCKS
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
Just to put some perspective of what a $4 trillion market cap looks like when compared to the world economy: It is 3.6% of global GDP. This is in no way an opinion on Nvidia Corp. (NVDA) stock...just a comparison after the incredible run it has had, observes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
TECHNOLOGY
What's becoming really clear is that whoever the next Federal Reserve Chair will be, easier money is going to have to be their mandate in order to satisfy the boss. Meanwhile, the US dollar continues to fall, particularly against the euro. The Dollar Index (DXY) just hit a fresh multi-year low, explains Peter Boockvar, editor of The Boock Report.
Payrolls in May rose a net 139,000, 13,000 above expectations – but the two prior months were revised lower by a combined 95,000. The other confusing part was the big drop in both the household survey and size of the labor force, along with a participation rate reduction, notes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
ECONOMICS
The announced US/UK trade deal yesterday will be a good test case for all the other deals in terms of the scope and breadth of it. Meanwhile, the Bank of England cut rates by 25 basis points as expected to 4.25%, observes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
FEDERAL RESERVE
Tickers: SPX
