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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
Pending home sales are awaiting a lower-rate pick-me-up. Not yet really capturing the timeframe where mortgage rates fell the most (that happened in August), July pending home sales were soft, dropping by 5.5% month-over-month versus the estimate of up 0.2%. They are down 4.6% year-over-year, observes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
REAL ESTATE
We’ve had a crazy few trading days (though tension was building up over the past three weeks), growing worries over economic growth, wild FX moves, and a 10-year yield that touched 3.66% early Monday morning and was at 3.93% just before this week’s 10-year auction. One would have thought that the sale would do just fine with that backdrop but no, the auction was terrible, explains Peter Boockvar, editor of The Boock Report.
Peter Boockvar
BONDS
Tickers: TLT
We might be on the cusp of a global (outside of Japan) “rate tweaking” cycle instead of a “rate cutting” cycle. Meanwhile, foreigners bought a net $46 billion of US notes and bonds in May, according to Treasury data. But it seems that Japan might have sold some Treasuries in order to fund their FX intervention, writes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
FEDERAL RESERVE
New home sales in May, measuring contract signings of freshly made construction and thus more timely than existing home sales that calculate the number of closings, totaled 619,000. That was 24,000 less than expected. But April was revised up by 64,000 to 698,000, which was the most since July 2023, advises Peter Boockvar, editor of The Boock Report.
Peter Boockvar
REAL ESTATE
