Mike Bjork's (mbjork) Blog

By
Mortgage and Lending - CMG Financial - NMLS #275652/1820
RECENT BLOG POSTS
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from 212k from previous week to 211k last week; another good sign for Jobs. However, we show Manufacturing and Services Industry slowing down. Markit Manufacturing PMI flash dropped from 52.6 in April to 50.6 in May; and Markit Serv...
05/23/2019
http://MikesDailyMarketReport.com: The only item on the Economic Calendar today is the FOMC Minutes, which will be released at 11:15am PST. Investors are eager to review the Minutes of the Feds' last meeting and look for clues on their thoughts on the economy, rate movement and US/China. Stocks a...
05/22/2019
http://MikesDailyMarketReport.com: Existing Homes Sales slumped a bit in April, as they go from 5.21 million annualized units to 5.19 million. Stocks are cautiously trading in Positive Territory, as the US placed a Temporary (90 days) Exception on US Businesses dealings with Huawei. MBS is curren...
05/21/2019
http://MikesDailyMarketReport.com: There are no economic data to report from the Calendar today. Stocks are being driven by the continued tensions between the US and China, as both parties agree they won't be meeting any time soon, as neither side is willing to negotiate further. Also, US Compani...
05/20/2019
http://MikesDailyMarketReport.com: Consumer Sentiment jumped up from 97.2 in April to 102.4 in May. Leading Indicators are Up 0.2% in April. Stocks are down on concerns that China won't come back to the negotiations based on all the previous events. MBS is currently down 3bps, but it's not enough...
05/17/2019
http://MikesDailyMarketReport.com: Initial Jobless Claims improved last week, as only 212k applied for benefits (vs. 228k the previous week). Housing Starts improved in April, as they rose from 1.168 million annualized units in March to 1.235 million in April. Also, Building Permits, which are fu...
05/16/2019
http://MikesDailyMarketReport.com: After a big month in March, Retail Sales declined by 0.2% in April; when you exclude Autos, then it declined by 0.1%. The Empire State Index reported an improvement in Manufacturing in the NY region, as it went from 10.1 in April to 17.8 in May. Industrial Produ...
05/15/2019
http://MikesDailyMarketReport.com: NFIB Small Business Index rose from 101.8 to 103.5 in April, as Small Businesses gain a little more confidence in the economy and overall Market. Stocks are rebounding a bit today, as yesterday was a sheer sell-off. There appears to be a softening in the tone be...
05/14/2019
http://MikesDailyMarketReport.com: No economic data to report today. The driving force behind the Markets is a continuation from last week's tension in Trade talks between US and China, which have become more heightened. After US raised Tariffs on $200 Billion of Chinese goods from 10% to 25%, th...
05/13/2019
http://MikesDailyMarketReport.com: Consumer Price Index rose 0.3% in April, as it's YoY increased from 1.9% to 2.0%. When you remove the volatile and uncontrolled substance, as Food and Energy, then you have the Core CPI, which rose 0.1%; and it's YoY rose from 2.0% to 2.1%. As have the week went...
05/10/2019
Rainmaker
748,967

Mike Bjork

Ask me a question
*
*
*
*
Spam prevention

Additional Information