Mike Bjork's (mbjork) Blog

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

ARCHIVED BLOG POSTS

2010 

The Case-Shiller Index and Consumer Sentiment improvements has the Stock Market Up (error on the slide show in video, reflecting it's down). The Consumer Sentiment is still relatively low (low 50s) for a period for a possible recovery, as it's typically in the 60's during this stage; but, any wa...
08/31/2010
The Market is all about the Job Numbers this week. Similar to Friday, when the Stock Market should have dropped based on the numbers, but rose because the Traders were cashing in on profits (went against the Technicals); today, they're going against the Technicals again. This time, the numbers r...
08/30/2010
Well, the Traders are going against the Technicals today. Bad news on GDP revision, Consumer Sentiment and Intel lowering Earnings forecasts should have the Stock Market down today, but is having the opposite effect. Meanwhile, it's pulling money from the Bond Market, thus worsening Mortgage Rat...
08/27/2010
It's all about the GDP this week!!!! There was some improvement in the Initial Jobless Claims today, but the Stock Market is currently Down with very little trading going on. The Bond Market Started Higher today, so Mortgage Rates are better today after yesterday's Sell-off (Trader's taking in t...
08/26/2010
More bad economic news released today. The New Homes Sales dropped (surprise, surprise, especially after Monday's Existing Home Sales numbers released) dramatically, and June's numbers were revised even lower. The Durable Goods Orders are still very low. As a result, the Stock Market is Down and...
08/25/2010
Huge drop (approximately 27%) in Existing Home Sales (for July) had sent the Stock Market Down (even threatening the DOW to go below 10k). On the other hand, the Bond Market is starting High. If you view the Candlestick, then you will notice a large gap from yesterday's close and today's start; ...
08/24/2010
No news releases today, but there will be plenty economic news throughout the week (especially on Friday with the revision for the Q2 GDP numbers). The Stock Market is trading lightly, so it's a little mixed between the different indexes. The Bond Market is rebounding quite nicely after a pretty...
08/23/2010
      No Releases today, so it's all about the Technicals. The US Dollar has gained a little bit on the Euro. The Stock Market it Down and the Bond Market is Up and Down a little bit (some light trading). Mortgage Rates are better today. The Tech Giants Dell and HP showed some Mixed results. So,...
08/20/2010
      Big News day today. Philadelphia Fed Index and the Initial Jobless Claims came in very low, which these 2 releases trumped that of the M&A talk (Intel buying McAfee for $7.7 billion). The Economic Leading Indicators show very slow growth ahead. This didn't bode well for Stocks, so they are...
08/19/2010
Light Trading today, as there are no releases scheduled for today. The headline for the stock market today is Target didn't reach the earnings that Trader's had expected. On the lighter-side for bonds, Germany held an auction for their 10 Treasury Bonds that went for about 30 basis points lower ...
08/18/2010
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