ARCHIVED BLOG POSTS
2019
1
Comments
http://MikesDailyMarketReport.com: Initial Jobless Claims moved from 217k from previous week to 225k last week. It came in at forecast. GDP came in a bit hotter than expected. It came in at 2.6%, whereas, forecasts were calling 1.9%. This report was for the 4th Qtr of 2018. Manufacturing in Chica...
02/28/2019
2
Comments
http://MikesDailyMarketReport.com: Pending Home Sales jumped up 4.6% in January, as it points to a pretty strong Spring Home Buying Season. Factory Orders rose only 0.1% in December, which disappointed, as it was forecasted to rise 0.5%. Stocks are Down this morning, as they may be losing some st...
02/27/2019
1
Comments
http://MikesDailyMarketReport.com: We have some housing data to report, which 2 of the items were from the delayed reports due to the Gov't Shutdown. Housing Starts dropped from 1.214 million annualized units to 1.078 million. However, the Building Permits rose from 1.322 million annualized units...
02/26/2019
1
Comments
http://MikesDailyMarketReport.com: The only data to report from the Economic Calendar is from the delays due to the Gov't Shutdown. The Wholesale Inventories rose 1.1% in December. Stocks are Up due to recent activity/tweets regarding the US/China Trade Talks that continued throughout the weekend...
02/25/2019
1
Comments
http://MikesDailyMarketReport.com: There's no data scheduled on the Economic Calendar this morning; however, the day is fill with several Fed Speakers today. Stocks are rebounding after yesterday's losses. President Trump is scheduled to meet with the higher level Chinese delegation today, as sig...
02/22/2019
1
Comments
http://MikesDailyMarketReport: A lot of data on the Economic Calendar today, which we'll start with the Initial Jobless Claims. This week's report is important, as it's the Sample Week, which is used by the Bureau of Labor Statistics' with their Job Numbers. This week it came in at 216k, which wa...
02/21/2019
1
Comments
http://MikesDailyMarketReport.com: We are still experiencing data being delayed from the past Gov't Shutdown, which will be released at a later date. Today, however, we still have the FOMC Minutes to be released at 11am PST. Many Investors commented that this will be the single most important new...
02/20/2019
1
Comments
http://MikesDailyMarketReport.com: The confidence for Home Builders grew in February, as the Home Builders Index jumped 4 points to 62. Stocks are trading in Mixed Territory, as the US and China further their talks in DC today with higher level officials. Stocks have already priced in the optimis...
02/19/2019
1
Comments
http://MikesDailyMarketReport.com: We have a few economic data pieces to report from the Economic Calendar. We'll start with the Manufacturing data in the NY region, which is the Empire State Index, which reported an 8.8 on it's February numbers. This is up from 3.9 in January. An improvement and...
02/15/2019
1
Comments
MikesDailyMarketReport.com: A lot to cover under the Economic Calendar today. The Initial Jobless Claims continued it's increase in claims, as 239k applied for benefits last week. This will pose a question if it bottomed out, as this could be a prelude to a recession. Retail Sales were a HUGE dis...
02/14/2019
