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Succinct Summation of the Week's Events
Succinct Summation of the Week’s Events:
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Peter Boockvar
Canadians expressed their displeasure/Central banks attitude towards gold/If you didn't get a chance to buy the LA Lakers...
Canadians expressed their displeasure with their treatment by the US by selling $57.8 billion worth of US Treasuries in April.
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Peter Boockvar
Video: Yesterday's FOMC, Tariffs, Jobs, Housing, the "Sell America Trade" and more with Guy Adami and Dan Nathan
The RiskReversal Podcast
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The Boock Report
Why yields are rising
Treasury yields are at the highs of the day with the 2 yr yield at 3.95% (up 2 bps pre presser) and the 10 yr yield at 4.39-.40% (up 4 bps) in response…
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Peter Boockvar
Still seemingly "navigating by the stars under cloudy skies”
As has been usually the case this year, the FOMC statement was little changed from the prior meeting with just modest tweaks as the press conference…
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Peter Boockvar
Some real estate data, including what Lennar said/Claims remaining more elevated
After a jump last week in mortgage applications for both purchases and refi’s, they slipped by 3% and 2.1% respectively w/o/w.
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Peter Boockvar
Today could be a yawner but.../Cava's take on its consumer/Other notables
My guess is that Jay Powell will continue to be non-committal today on the timing of eventual rate cuts.
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Peter Boockvar
Home builder sentiment remains soft
The mood of homebuilders in June remained dour with the NAHB builder sentiment index falling further to just 32 from 34 in May and vs the estimate of…
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Peter Boockvar
Core import prices jump, reflecting front line on tariffs/Retail sales stats
May import prices, with the on again, off again tariff situation as we know, were flat m/o/m headline vs the estimate of down 2 tenths.
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Peter Boockvar
The growing rethink of the extent foreigners want to hold US dollars/Tariffs, inflation/BoJ does as expected
If there is an inflation stat that would most quickly reflect the price impact from tariffs it would be today's import price data for May.
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Peter Boockvar
The first June industrial figure out
In the first June industrial figure out from the NY Fed, its manufacturing index weakened to -16 from -9.2 and was 10 pts below expectations.
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Peter Boockvar
Some things of importance
Now that everyone knows where the Strait of Hormuz is on the map (the waterway that Saudi Arabia, the UAE, Kuwait, Iraq and Iran use to ship most of…
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Peter Boockvar
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