Mike Bjork's (mbjork) Blog

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

ARCHIVED BLOG POSTS

2010 

Happy Friday, everyone. Only one piece of economic news release today, which the Michigan Consumer Sentiment was Up slightly. The rest of the technical news lie with more concerns about Ireland possibly needing a EU Bailout and China raising interest rates to slow it's economy further (so what w...
11/12/2010
      Sorry folks, I made an oversight yesterday. There was a Bond Rollover, which I wasn't aware, and is what created the large opening Gap. However, there was a large Sell-off after the opening, which was due to a very large Hedge Manager positioning a large stake on the 10 year bond, that cre...
11/10/2010
Only a few minor economic news releases today. The NFIB Small Business Index, which is the survey of the confidence of the Small Businesses, increased a little bit, but still stuck in recessionary levels. The Wholesale Inventories were Up a little bit too, but again, still low overall. Job Openi...
11/09/2010
Sorry, my computer is still under repair. I hope to be back to normal very soon. I will keep this short and sweet today, as the day is primarily over, as while I'm finally completing the video today. There were no economic news releases today. The Stock Market closed Mixed and the Bond Market wa...
11/08/2010
Sorry, again (feel a bit lost without my normal computer -still being worked on) for the format of the video. The economic releases today showed some positive vibe, starting with the Non-farm Payrolls exceeding everybody's expectations by almost double the estimates; the Unemployment Rate remain...
11/05/2010
Sorry for the presentation, my computer is on the fritz today. I hope to have it back in running asap. Both the Stock Market and Bond Market are Up today. The Traders digested the information from the Fed's announcement yesterday and it's carrying forward today. The Fed basically said they'll be...
11/04/2010
      The Big Day is here, but the FOMC Announcement will take place later today (11:15am PST). The economic news releases were more positive, as the ISM Services, ADP Payroll and Factory Orders were Up a bit today; and the Challenger Job Cuts dropped. All positive news. But the Stock Market is ...
11/03/2010
No Economic News releases scheduled for today. Mostly the Markets are gearing up for the Election results and the announcement by the Fed regarding the QE2. Currently, both the Stock Market and Bond Market is Up. Currently, the Mortgage Rates are better than yesterday's close. Today, may have so...
11/02/2010
Mixed Bag of Economic News today. We have the Personal Income, Personal Spending and Core PCE all down; but the ISM and Construction Spending both Up. The Stock Market is Up a bit today. The Bond Market started Up, but now is Trading at the Lower Range. It will probably hold this level until aft...
11/01/2010
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