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
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
The September Conference Board Consumer Confidence index disappointed with a print of 98.7, down from 105.6 in August and below the estimate of 104. That’s the third weakest figure going back to July 2022, highlights Peter Boockvar, editor of The Boock Report.
Peter Boockvar
ECONOMICS
While it will likely be revised many more times, the first stab at the August payroll establishment survey saw a job gain of 142,000, 23K below expectations. The two prior months were also revised down by a total of 86K. Bottom line: The slowdown in the pace of hiring is unmistakable, writes Peter Boockvar, editor of The Boock Report.
Peter Boockvar
ECONOMICS
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