Mike Bjork's (mbjork) Blog

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

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2019 

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http://MikesDailyMarketReport.com: Manufacturing rebounded in the NY region, as the Empire State Index rose from 3.7 to 10.1 in April. Stocks are trading in Negative Territory, as a few financial institutions provided their Q1 Earnings Reports and disappionted the Markets. MBS is only up 2bps, so...
04/15/2019

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http://MikesDailyMarketReport.com: Consumer Sentiment dropped from 98.4 to 96.9 on it's Index in April. Stocks are Up this morning on strong Q1 Earnings Reports today by some of the nation's largest banks, which is indicating a continued robust economy. Also, China is seeing positive effects from...
04/12/2019

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http://MikesDailyMarketReport.com: Consumer Priced Index, an inflationary gauge for the consumer, rose 0.4% in March, which it's YoY rose from 1.5% to 1.9%; however, when you remove the food & energy (variables that cannot be controlled), you will receive the Core CPI, which only rose 0.1% in Mar...
04/10/2019

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http://MikesDailyMarketReport.com: The NFIB Small Business, which gauges the Small Business' Confidence, increased 0.1 in it's index, going from 101.7 to 101.8 in March. Job Openings shrank in February, as they went from 7.6 million in January to 7.1 million. Stocks are in Negative Territory, as ...
04/09/2019

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http://MikesDailyMarketReport.com: The only item on the Economic Calendar is Factory Orders, which dropped 0.5% in February. Data show Manufacturing still strong, but they're becoming more cautious. Stocks are down today after a nice ride upwards last week. There is a Brexit deadline this week (t...
04/08/2019

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http://MikesDailyMarketReport.com: Today is the Big Jobs Day! Nonfarm Payrolls came in higher than expectation (177k) and much higher than February's number, which was revised higher (to 33k). It came in at 196k. The Unemployment Rate remained at 3.8%. However, Average Hourly Earnings only rose 0...
04/05/2019

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http://MikesDailyMarketReport.com: The Weekly Jobless Reports continue to drop, as they go from 212k people applying for Unemployment Benefits the prior week to 202k applying for the Benefits last week. Tomorrow is the Jobs Report by the Bureau of Labor Statistics (BLS). Stocks are Mixed this mor...
04/04/2019

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http://MikesDailyMarketReport.com: Today marks the first of 3 Job data this week, which we start with the ADP Employment Report. It reported that there were 129k new jobs in the private sector. Tomorrow will be the Weekly Jobless Claims, then Friday, will be the BLS' Jobs Report. The Services Ind...
04/03/2019

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http://MikesDailyMarketReport.com: It's a fairly quiet day today, after Stocks held a pretty good rally yesterday. Durable Goods Orders is the only item on the Economic Calendar today. January's numbers were revised from being up 0.3% to being up 0.1%. It dropped 1.6% in February, as forecasts sh...
04/02/2019

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http://MikesDailyMarketReport.com: Jobs data will be the big news this week, but today, we have: Retail Sales, which declined by 0.2% in February; and declined by 0.4% without Autos. Manufacturing is a bit Mixed today, as the Markit Manufacturing PMI dropped from 53 to 52.4 in March; while ISM Ma...
04/01/2019
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