ARCHIVED BLOG POSTS
2019
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http://MikesDailyMarketReport.com: There's a bit of data to report today. We're still getting delayed data because of the Gov't Shutdown. We'll start with Personal Income, which rose only 0.2% in February (forecasts called for 0.3% increase). Consumer Spending rose only 0.1% in January (forecasts...
03/29/2019
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http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped a little further last week, which only 211k applied for Unemployment. Last week, it was reported at 216k, and forecasts for today's report called for 222k. The final revision for the GDP for Q4 in 2018 was revised lower, from 2.6% t...
03/28/2019
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http://MikesDailyMarketReport.com: Nothing to report on the Economic Calendar today. Stocks are modestly Up this morning. Investors continue to monitor the Brexit news, as we approach the new deadline in about 2 weeks. Also, adding fuel is the dropping Yields, which the 3 month inverted on the 10...
03/27/2019
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http://MikesDailyMarketReport.com: We have a few data to report today on the Economic Calendar. The Housing Starts dropped from 1.273 million annualized units to 1.162 million annualized units in February. Also, Building Permits dropped from 1.317 million annualized units to 1.296 million annuali...
03/26/2019
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http://MikesDailyMarketReport.com: No data to report on the Economic Calendar to report today, but the rest of the week there will be something to report. Stocks started the morning in the Red; as globally, it was mostly in the Red. DOW and S&P have just recently breached to a Positive stance. We...
03/25/2019
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http://MikesDailyMarketReport.com: Markit Manufacturing flash PMI dipped from 53 to 52.5 in March. It's counter-part, Markit Services flash PMI also dipped from 56 to 54.8 in March. Existing Home Sales had a nice boost in February, as it jumped up to 5.51 million annualized units, compared to 4.9...
03/22/2019
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http://MikesDailyMarketReport.com: Weekly Jobless Claims rebounded a bit from last week's numbers, going from 230k to 221k. Obviously, this is data we're watching to see if it continues to rise, as it will indicate a recession in the near future. Manufacturing in the Philadelphia region rebounded...
03/21/2019
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http://MikesDailyMarketReport.com: The Fed wraps up their 2 day meeting today, as Fed Chair Jerome Powell will give his announcement around 11:15 am PST. Today's announement is expected to go similar to it's previous announcement; and Investors will seek clues on the Fed's forecasts and Balance S...
03/20/2019
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http://MikesDailyMarketReport.com: Factory Orders were up only 0.1% in January, off from it's forecast of 0.4%, and stronger hints of a slowing economy. Stocks are Up this morning, as the Fed begins it's 2 day meeting today. Tomorrow, Fed Chair Powell will give his announcement. It's expected to ...
03/19/2019
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http://MikesDailyMarketReport.com: Home Builders Index, which gauges the confidence level with Home Builders, remained Unchanged from previous month in March. Stocks are trading in Positive Territory this morning, as Investors keep an eye on the Main Headlines over the past week: Federal Authorit...
03/18/2019
