Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652

ARCHIVED BLOG POSTS

2010 

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The Low GDP Number is the News of the Day, bringing the Stock Market Down. We had Good News from the Chicago PMI, which helped to pull the Stock Market Up a bit, so it's a bit Mixed and Trading a bit lightly at the Moment. The Consumer Sentiment was OK and so was the Employment Cost Index. The 7...
07/30/2010

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Initial Jobless Claims came in lower than last week, but they are still high. Fed Beige Book didn't really paint a rosy picture of the economy, with some regions worsening. The 5 Year Auction went well. Based on the Jobless Claims, they're not really expecting a great turn out for the 7 Year Auc...
07/29/2010

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Light Trading so far this morning, which most Traders seem to be waiting to get a glimpse of the Fed's Beige Book being released at 11am PST today. Meanwhile, the Durable Goods Orders dropped again. Stock Market is down a little bit and the Bond Market is Up a little bit -still sitting in a side...
07/28/2010

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Light Trading Day today, as Many Traders were digesting the information from the Consumer Confidence and Corporate Earnings. The Consumer Confidence for June was Revised Upward, but the July reading was a Sharp Downward Drop. This news re-started more discussion of a possible Double-dip Recessio...
07/27/2010

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Stock Market is up today based on better than expect New Home Sales (numbers are still low, but better than previous and higher than estimates) and Fed Ex's revised earnings estimates, as it sees its international shipping picking up. Bond Market is down as a result, so Interest Rates are Up a b...
07/26/2010

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Light Trading Day today, as there are no official releases scheduled today. Stock Market is Mixed with not much swings; and the Bond Market started lower, but has since gained the losses back. It potentially be a good day for Bonds, depending on the spin that they use on announcing the European ...
07/23/2010

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Light Trading Day today, as there are no official releases scheduled today. Stock Market is Mixed with not much swings; and the Bond Market started lower, but has since gained the losses back. It potentially be a good day for Bonds, depending on the spin that they use on announcing the European ...
07/23/2010

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Initial Jobless Claims were up this week; Economic Leading Indicators were down; Existing Home Sales were down; and on the positive side, both European earnings and industrial orders and US Corporate Earnings are showing some positive light. As a result, we're seeing Stock Market rebound from ye...
07/22/2010

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      No Releases today, which is resulting a thin trading day on the Stock Market. We're seeing a bit of a seesaw action this morning. So far, some of the earnings reports are coming in favorable. Mr. Bernanke will be standing before Congress today and tomorrow. One of the questions to expect i...
07/21/2010

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Housing Starts was the only release today, besides Corporate Earnings Reports, which came in low. As a result, the Stock Market is down. The Bond Market started higher than yesterday's close, but is currently down for the morning. This may be an instance of Trader's reading too much into Bernank...
07/20/2010
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