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Chicago remains cold/Inflation stats, along with income & spending/Stock market gains helping home sales
Wrapping up the regional manufacturing survey’s, the November Chicago index fell to just 40.2 from an already weak 41.6 in October, and thus well below…
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Peter Boockvar
Quick data rundown on the goods trade deficit, claims, CapEx spend and GDP
With so much data squeezed into the day I’ll be quick here.
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Peter Boockvar
That bifurcated consumer as well as with tech spend
I'll start first with company earnings comments ahead of the slew of data today.
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Peter Boockvar
Fed minutes uneventful but I think they are making a mistake if they cut again in December
The Fed minutes from their meeting three weeks ago was uneventful but they still clearly have an easing bias even though they admit themselves that they…
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Peter Boockvar
Home prices/Consumer confidence, and expectations rise again for stock prices/Mfr'g/Home sales
According to S&P CoreLogic, home prices rose again in September, by .33% m/o/m as the affordability challenge continues for first time buyers while…
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Peter Boockvar
Whether realized or not, the pull forward of orders is taking place/Unfortunately, there is not much left to cut/Value seeking consumer
Whether the tariff threats will be realized or not, we will continue to see a pull forward of orders from these threatened countries and others before…
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Peter Boockvar
A few notable things
While I've never made a buy or sell decision in stocks based on an appointed Treasury Secretary, outside of an emerging market, Scott Bessent certainly…
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Peter Boockvar
Succinct Summation of the Week's Events
Succinct Summation of the Week's Events:
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Peter Boockvar
Services continue to carry the load/The partisan differential in consumer confidence
The November US manufacturing and services PMI rose to 55.3 from 54.1 and again solely led by the services side of the economy.
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Peter Boockvar
The two lane economy is not just a US thing/Retail earnings comments
This leg of the US dollar rally that took on more pace post election is now mostly vs the euro and it's a clear fundamental and rate differentiation…
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Peter Boockvar
Restrictive monetary policy? Really? For some for sure, for others clearly no
So the Federal Reserve claims it is restrictive with its monetary policy but someone just paid $6.2 million for a banana duck taped to a wall?
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Peter Boockvar
Value and convenience winning but not everywhere
We'll start with the earnings calls.
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Peter Boockvar
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