The Boock Report

Succinct Summation of the Week's Events

Succinct Summation of the Week's Events:

14 hrs ago •

Peter Boockvar

Inflation, income, spending and savings rate data rundown

Headline and core PCE in June were spot on with expectations with one tenth headline and two tenths core m/o/m gains.

17 hrs ago •

Peter Boockvar

Yea, about a 2% growth economy ytd but we must continue to look under the hood

I read an interesting stat in yesterday's FT citing JP Morgan, "Vehicle prices have accounted for 79% of the decline in core goods prices over the past…

18 hrs ago •

Peter Boockvar

7 yr auction was good

Following the solid 2 yr note auction and the more mixed 5 yr, today’s 7 yr was good.

Jul 25 •

Peter Boockvar

GDP beats estimates/Claims data

Q2 GDP growth was 2.8%, above the estimate of 2%. Three tenths of this upside was due to a lower than expected price deflator of 2.3% vs the estimate of…

Jul 25 •

Peter Boockvar

Yesterday didn't come out of nowhere/CPI trendline/Earnings comments/Overseas stuff

Yesterday didn't come out of nowhere. 1)A few weeks ago we had the S&P 500 that was nearing 15% above its 200 day moving average, highly stretched and…

Jul 25 •

Peter Boockvar

BoC cuts rates as expected/US PMI rundown/New home sales and Redfin said what Zillow said

As expected the Bank of Canada cut its benchmark rate by 25 bps to 4.50%. This is now their 2nd 25 bps cut this year while they continue on with…

Jul 24 •

Peter Boockvar

I got a lot of earnings comments here but worth the read

There was a ton of earnings releases and calls to go thru. I did what I could to focus on the most relevant and the most interesting comments from them…

Jul 24 •

Peter Boockvar

The Boock Report

Peter is the Chief Investment Officer at Bleakley Financial Group and is a CNBC contributor. Each day The Boock Report provides summaries and commentary on the macro data and news that matter, with analysis of what it all means and how it fits together.

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