Mike Bjork's (mbjork) Blog

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

ARCHIVED BLOG POSTS

2019 

http://MikesDailyMarketReport.com: The Employment Cost Index rose 0.7% again in Q1. Case Shiller HPI dropped from 4.2% YoY to 4.0% YoY in February in appreciation. Manufacturing dropped in the Chicago region, as the Chicago PMI dropped from 58.7 in March to 52.6 in April. Consumer Confidence rose...
04/30/2019
http://MikesDailyMarketReport.com: Personal Income rose only 0.1% for March, as expectations were +0.4%. Howevery, Consumer Spending rose 0.9% in March, based on an 0.8% jump. The Fed's favorite gauge for inflation (Personal Consumption Expenditure, or PCE) was released today. PCE rose 0.2% in Ma...
04/29/2019
http://MikesDailyMarketReport.com: We got a glimpse of Q1 GDP today, which surprised the Markets. After a lower revised 4th Qtr GDP of 2.2%, forecasts called for 2.3% in Q1, but it came in much HIGHER at 3.2%. Also, Consumer Sentiment showed some improvement, rising from 96.9 in March to 97.2in A...
04/26/2019
http://MikesDailyMarketReport.com: Weekly Jobless Claims had a big spike last week, as 230k people applied for Unemployment Benefits. This is up from 193k the previous week. This will be something we watch to determine, if we've hit the bottom and start rising, or this may be an anomaly. Durable ...
04/25/2019
http://MikesDailyMarketReport.com: There's no data to report today on the Economic Calendar, so we take our queu from Geo-Political events (China) and Q1 Corporate Earnings Reports. Stocks are trading in Mixed Territory, as many of the indices have reached their Peak, and the rest are very close ...
04/24/2019
http://MikesDailyMarketReport.com: New Home Sales jumped Up from 667k February to 692k in March. We've seen a lot of declines in the Housing Market, so this Positive News is very welcomed. Stocks are in Positive Territory, as Investors go thru Corporate Earnings and Forecasts, especially from som...
04/23/2019
http://MikesDailyMarketReport.com: There were a few reports released on Friday, even though the Markets were closed, so we'll provide that information: Housing Starts dropped from 1.142 million in February to 1.139 million (annualized units) in March. Also, Building Permits dropped from 1.291 mil...
04/22/2019
http://MikesDailyMarketReport.com: Weekly Jobless Claims continue to drop, as they dropped from 197k to 192k last week. Retail Sales rebounded, after dropping 0.2% in February, it jumped up 1.6% in March; and if you exclude Autos, then it jumped up 1.2%. Manufacturing in the Philadelphia region d...
04/18/2019
http://MikesDailyMarketReport.com: Wholesale Inventories rose 0.2% in February. Later today, the Fed's Beige Book will be released. This will provide us with a more Micro view of our economy, broken down into regions. Stocks are trading in Mixed Territory based on Mixed Corporate Earnings Reports...
04/17/2019
http://MikesDailyMarketReport.com: Industrial Production dropped 0.1% in March, even though forecasts called for a rise of 0.1%. On the same report, Capacity Utilization dropped from 79.0% to 78.8%, even though, it too, called for a rise on it's forecasts. Home Builder's Confidence is slowly risi...
04/16/2019