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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
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
The 12,000 October establishment survey print included a lot of hurricane-related noise, but it compared with an estimate of 100,000. The two prior months were also revised down by a total of 112,000, which cannot be explained away by weather. It’s also likely why Treasuries initially rallied, opines Peter Boockvar, editor of The Boock Report.
I get asked just about every day, and ahead of each election, whether we will alter our investment strategy depending on who wins the election. The answer is always “No.” Regardless of who wins, I believe the bond bear market will continue on – and long rates will move higher in fits and starts, observes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
POLITICS