Sitemap - 2025 - The Boock Report
Private sector jobs lost in June according to ADP
Succinct Summation of the Week's Events
Inflation, income and spending stats
Commodity check/Fed check/Overseas inflation check/Nike, MKC on the consumer and tariff management
Home sales and what is needed from here
The succinct economic data review
New home sales data and repeating what KB Home and Lennar said
Home prices/Consumer confidence/Mfr'g
A wild geopolitical ride and other notable stuff
Inventory building and price commentary stood out in PMI/Bowman joins Waller in getting dovish
Succinct Summation of the Week's Events
Still seemingly "navigating by the stars under cloudy skies”
Some real estate data, including what Lennar said/Claims remaining more elevated
Today could be a yawner but.../Cava's take on its consumer/Other notables
Home builder sentiment remains soft
Core import prices jump, reflecting front line on tariffs/Retail sales stats
The first June industrial figure out
Succinct Summation of the Week's Events
As tariff rates ebb/pause, consumer confidence lifts
May their goals be achieved/Gary Friedman speaks
10 yr note auction mixed but mostly to the good
Benign inflation print, margins getting hit or calm before tariff induced increases?
Talks wrap on 'I have what you want'/USD vs MAG7/Casey's customer
Business and household confidence ebbing and flowing with tariff announcements and drama
More oil rigs put aside/BoJ, JGBs/the consumer/Car prices
Succinct Summation of the Week's Events
Jobs data, a lot of confusing moving parts but friction growing
More on the US consumer and their spending behavior
One more thing - Lagarde speaks, euro, bond yields at high of morning
Claims data/What Challenger said/Trade deficit stats
ISM services back to the flat line
Job growth slows, particularly with small business
Auto sales/Dollar General gives some good intel on the consumer/Other good stuff
A few more steel and aluminum stats/The pulse of the consumer from companies that sell to them/Other
Tariff impact all over the ISM mfr'g index
Succinct Summation of the Week's Events
Quick rundown on the data dump
What would a deal even look like?/Bunch of earnings calls
Transaction side of housing market still on volatile ground
Claims data/GDP revision, though old news
FOMC minutes a yawner but they lay out again the challenge they face
Confidence rebounds, ebbing and flowing with direction of tariffs
Where hard data catches up to the soft
Bessent reiterates what he's banking on for help/JGBs rally/More rigs laid down/Booz sobering up
Succinct Summation of the Week's Events
How business responded in May to tariff pause
The labor story remains the same
Sentiment/No BoJ intervention for now/Shipping prices/Some data, some earnings comments
Weak 20 yr auction sends yields to highs of day
Bond yields higher globally/What glitters can also be platinum/Interesting company comments
The bond police just drove thru the long end of the JGB neighborhood but skips AGBs
Succinct Summation of the Week's Events
Home builder sentiment falls sharply
Quick data rundown to save you time
SPX technical check/Big news if this FX story is true/AEO on retail, LSTR on trucking
Succinct Summation of the Week's Events
Market sentiment check/The mood and behavior of the US consumer
The breadth and scope of deal will be most interesting/BoE cuts as expected/Other good stuff
Finally/Wynn takes a CapEx pause/Other notable stuff
Another good chart from Torsten/The run on autos/US shale oil production has peaked?
US services sector continues to carry load
"The CEO Who Says an Asteroid is Coming to Destroy America's Businesses"
Succinct Summation of the Week's Events
Payrolls about in line when including lower revisions and gets boost from birth/death model plug-in
ISM mfr'g, export orders most notable component
Claims, both initial and continuing, jump/What Challenger said
Key level and sentiment watch/BoJ/More on what companies are seeing out there
Hiring slows/Tariff induced distortions in GDP
Always good to hear from companies themselves on what they are seeing
Succinct Summation of the Week's Events
The Fed's tough job highlighted in the Beige Book that they write/Earnings commentary
The state of US mfr'g and services/Home sales lift in March but...
A bunch here but worth the full read, especially what Elon had to say
Succinct Summation of the Shortened Week's Events
Let's hear what they have to say
"Life moves pretty fast" said Ferris Bueller, quoted by Jay Powell
Imagine being a homebuilder right now, or in the market to buy a new home
Retail sales, partly reflecting the pre tariff rush
Got cold feet, literally? You better hurry to the store/More lawsuits filed/Earnings comments
Old news on import prices/NY mfr'g outlook falls to 24 yr low
Some perspective on manufacturing contribution to US employment/Other interesting things
The Art of Confusion/'Daddy's gonna pay for your crashed car'/'Kerfuffle'/Fastenal raising prices
Succinct Summation of the Week's Events
PPI news, watching core goods prices as reflection of tariffs
The Art of War responds again to The Art of the Deal/DXY breaks below 100
Very good 30 yr auction after solid 10 yr, but dollar continues to break down
CPI data, but pre April 2nd/Claims
My Conversation with Jim Rogers
Peter Navarro gives us his ultimate goal and the scenario planning seemingly not being done
It's clear now what this is really all about
Succinct Summation of the Week's Events
Rate cut odds in response to Powell
Jobs report and how does the Fed respond to all of this?
The first lawsuit has been filed and I'm sure the first of many
ISM services softens, even before yesterday's news
ADP private sector job gain pretty good
Is today really the day or does this continue on?/An FX look with currency as big part of this
US manufacturing rundown, pull forward evident/Look at job opening stats
"The sky was yellow and the sun was blue"/Loan pricing/PMIs/RBA
Last two mfr'g surveys remain in contraction/"I am thinking of closing the company"
"Since it cost a lot to win and even more to lose..."
Succinct Summation of the Week's Events
Oracle gets clipped by Federal Government/Inflation, income, spending stats
Why the recession risks are growing/All that glitters can also be silver/Retail slowdown/Overseas
Claims data/Goods deficit still reflects pull forward and what it means to shrink it
Did the hard data just confirm the soft with CapEx?
A review of home prices, consumer confidence, home sales, mfr'g all right here
US PMI rundown, the front windshield is foggy
Succinct Summation of the Week's Events
Chris Waller tells us why and pushes back on Powell's reasoning
The Fed eased policy on Wednesday/Earnings rundown
The BoE sits tight/Claims data/Philly mfr'g outlook gets muddy
The FOMC statement/projections rundown and a big picture point for thought
A few things before the Fed/BoJ still has hiking bias
Yes, a one time step up in price but.../Germany on the cusp of passing its fiscal largess package
A few things of note on this Monday morning
Succinct Summation of the Week's Events
PPI less than expected but PCE plug-ins higher
Inflation a bit softer and some color
Succinct Summation of the Week's Events
An in line print but holes underneath, especially the U6 rate and hours worked
Take the next 2 days off/'Detox' time/That 'choiceful' customer and the need to be 'neurotic'
ECB cuts rates as expected but might be calling a time out/Challenger data/Claims too
ISM services, continuing to carry the US economy
Job growth downshifts in February
Who is Daniel Rogge?/Germany opening up the spending spigots and bonds puke/Earnings comments
Real yield watch/For Powell, May '26 can't come soon enough/US$ action/Other good stuff
If you're making stuff, you're trying to figure out the tariff impact
Toppy action in USD/Global PMIs/Eurozone inflation ahead of ECB meeting
Succinct Summation of the Week's Events
Interesting economic data to go through
Just a reminder/Tariffs could be more than just a one time reset of prices/Other good stuff
Sentiment check/Claims jump in DC/Q1 GDP estimates need to be trimmed but future orders better
Luckily, the market is finding other things to buy/Interesting earnings comments
Bessent and the Treasury had a good issuance week
New home sales remaining on trend but supply creeping up to 17 yr high
Possible implications of some tariff threats/ZipRecruiter gives us their lay of the labor land/Other
Home prices up 52% over past 5 years/Eggs and tariffs matter/Cloudy mfr'g outlook
"The US economy Depends More Than Ever on Rich People"
Succinct Summation of the Week's Events
Claims data, slight clip from DC/Philly optimism currently but...
Don't just do something, sit there
Seeing slower inflation is one thing, keeping it slow is another
NY manufacturing back above zero but 6 month outlook falls to near one yr low
This is no longer a one decision market, 'Times They are A-Changin'
Succinct Summation of the Week's Events
Retail sales soft/Import prices as expected kept in check by strong dollar
PPI hot too but extrapolation begins into faulty PCE/Claims situation remains the same
If a deal is made, will commerce go back to the way it was?/Other stuff
Tell us what you really think/The cost of QE
Powell prepared text a non-event but reminder that they are in no 'hurry'
Succinct Summation of the Week's Events
Gold/I can't stop watching the JGB market wondering what comes of this/More good earnings tidbits
It's the long end that matters now/BoE cuts/Earnings rundown
Job openings shrink, particularly in mfr'g and construction
Tariff strategy falling into 3 buckets/JGB yields continue higher/Earnings comments of note
US mfr'g sees some positive light after 26 months of contraction
"The Dumbest Trade War in History"
Succinct Summation of the Week's Events
Inflation stats, income and spending too along with the ECI
A few things overseas and some really good economic color from the earnings calls
Economic growth in Q4/Claims data/ECB and Lagarde
No hurry/Other central bank moves/Commodity check/Elon says the 'wolf' is here
Fed makes two tweaks that are a bit more hawkish
Oh yeah, there is a Fed meeting today
Consumer confidence still on edge/Richmond mfr'g
Core durable goods orders gets data center lift
The day after and some other things
A big bell just rung and two other things to think about
Succinct Summation of the Week's Events
The BoJ follows through/PMIs/Shipping rates/Important earnings comments
Continuing claims rise to highest since November 2021
Another tariff thought/Sentiment/Higher rates still matter/Earnings/Overseas stuff
Mostly just an earnings rundown
Some things to think about/Some earnings comments/Some data
Succinct Summation of the Week's Events
Retail sales/Claims/Mfr'g/Import prices, all in one place
'Moderately,' 'Modestly,' 'Slightly'/Bank comments/BoJ rate hike/Richemont
Consumer inflation rundown/Mfr'g recession continues on in January
Yen gets an Ueda lift and Gilts get some relief
Wholesale prices below estimates but bonds yawn ahead of CPI
JGB yields remain a must watch and should be part of the US yield debate
They tried catching that falling inflation knife
Succinct Summation of the Week's Events
Jobs data/Is Waller jockeying to be next Fed Chair?
Rates again higher and why is it happening?/Other
10 yr auction uneventful which I guess is better than not good
Headlines fine but need to look under the hood of the data
Still long and very variable I believe/Vehicle sales/Rents/PMIs/Rising JGB yields
ISM mfr'g nearing 50, new orders get lift from maybe Zyn and AI?
Always trying to take the investing road less traveled
Succinct Summation of the Possible Good and Not Good Events of 2025/Global PMIs