• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Boock Report

  • Home
  • Free Content
  • Login
  • Subscribe

Peter Boockvar

January 15, 2021 By Peter Boockvar

Succinct Summation of the Week’s Events – 1/15

Positives 1)Headline CPI in December rose .4% m/o/m and the core rate was higher by .1% m/o/m. Both are exactly in line with expectations. The headline rate is now up 1.4% y/o/y and 1.6% ex food and energy. Services prices moderated further while goods prices accelerated further. 2)PPI in December rose .3% headline, one tenth core and .4% also taking out …

[Read more...] about Succinct Summation of the Week’s Events – 1/15

January 15, 2021 By Peter Boockvar

Cass Freight/IP/Consumer Confidence

I mentioned the direction of freight costs in the PPI review and here is a chart from Cass Freight in their December report yesterday that reflects freight rates: Cass Implied Freight Rates, January 2009-December 2020 (01’1990=1.00) They also said shipments in December rose 6.7% y/o/y. “The acceleration was partially explained by an easier prior year …

[Read more...] about Cass Freight/IP/Consumer Confidence

January 15, 2021 By Peter Boockvar

Mfr’g/Retail Sales/PPI

The January NY manufacturing index, the 1st January number out, fell a touch to 3.5 from 4.9 m/o/m. The estimate was 6.0. The internals were pretty mixed. New orders rose while backlogs fell. Inventories were less negative. Employment dropped but the workweek rose. Prices paid jumped by 8.4 pts to 45.5, the highest since September 2018 and those received rose by 5.2 …

[Read more...] about Mfr’g/Retail Sales/PPI

January 15, 2021 By Peter Boockvar

Borrow, spend and fair share

What we heard last night was borrow, spend and fair share. With the latter otherwise known as higher taxes. Tha latter is not a surprise as we were told by the Biden side that it was coming but it is still a drag on growth however which way one wants to rationalize it. The borrow part has proven a legacy that lasts forever and the spend is fleeting as it eventually …

[Read more...] about Borrow, spend and fair share

January 14, 2021 By Peter Boockvar

Trout, Gretzky, now Mantle

Last month I highlighted the $1.3mm auction price sale of Wayne Gretzky’s rookie card as growing evidence for the desire for ‘hard assets’ (yes, it’s cardboard), along as we see with bitcoin, metals, etc… Today I see that a PSA 9 (10 is gem mint) 1952 Mickey Mantle Topps card was just sold for $5.2mm (h/t JB). The same card went for $2.8mm in 2018 and $283k in …

[Read more...] about Trout, Gretzky, now Mantle

January 14, 2021 By Peter Boockvar

Claims/Import prices

Initial jobless claims totaled 965k, well above the estimate of 789k and up from 784k last week. Initial claims for PUA rebounded to 284k from 161k last week and vs 310k in the week before. I can only guess that with the extended and expanded benefit payments with the passage of the recent $900b spending bill, many took advantage of it. When the federal government …

[Read more...] about Claims/Import prices

January 14, 2021 By Peter Boockvar

Sentiment/China data and its voracious appetite for commodities

Investors Intelligence yesterday said Bulls rose to 63.7 from 60.2 and continues its run of 60+ prints. Bears fell to 16.7 from 17.5 and that 47 pt spread remains extreme. The AAII data is in error as it lists Bulls as being 100% which would be quite extraordinary if true, //www.aaii.com/sentimentsurvey? but it's a mistake. Bottom line, we know sentiment is very …

[Read more...] about Sentiment/China data and its voracious appetite for commodities

January 13, 2021 By Peter Boockvar

Beige Book comments on inflation and wages

On my belief that the direction of inflation might be the most important factor in determining where the prices of stocks and bonds go from here, I include comments on prices and wages in the just released Beige Book. I want to add that inflation/deflation is a process, not an event and that either direction takes time to unfold. While price pressures are …

[Read more...] about Beige Book comments on inflation and wages

January 13, 2021 By Peter Boockvar

Another good auction

The 30 yr bond auction was very good too after the solid 10 yr yesterday. The yield of 1.825% was about 1.5 bps below the when issued. The bid to cover of 2.47 is above the 12 month average of 2.36. And, direct and indirect bidders bought 86% of the offering, above the one year average of 79%. Bottom line, the highest yield since late February brought out the …

[Read more...] about Another good auction

January 13, 2021 By Peter Boockvar

Consumer price data

Headline CPI in December rose .4% m/o/m and the core rate was higher by .1% m/o/m. Both are exactly in line with expectations. The headline rate is now up 1.4% y/o/y and 1.6% ex food and energy. The core rate is unchanged with November and the headline increase compares with 1.2% in November. The rise in energy prices is beginning to show up in the data as they rose …

[Read more...] about Consumer price data

  • Page 1
  • Page 2
  • Page 3
  • …
  • Page 179
  • Next Page »

Primary Sidebar

Subscribe

Recent

  • Succinct Summation of the Week’s Events – 1/15
    Succinct Summation of the Week’s Events – 1/15 January 15, 2021
  • January 15, 2021 Cass Freight/IP/Consumer Confidence
  • Subscribe
  • Free Content
  • Login
  • Ask Peter

Categories

  • Central Banks
  • Free Access
  • Latest Data
  • Podcasts
  • Uncategorized
  • Weekly Summary

Footer

Follow Peter

  • Facebook
  • LinkedIn
  • Twitter
  • Subscribe
  • Free Content
  • Login
  • Ask Peter

About Peter

Peter is the Chief Investment Officer at Bleakley Advisory Group and is a CNBC contributor.

Read More

Search

Translate The Site

Subscribe

Copyright © 2021 · The Boock Report · The Ticker District Network, LLC

  • Login
  • Subscribe
  • Free Content
  • TERMS OF SERVICE