Mike Bjork's (mbjork) Blog

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

ARCHIVED BLOG POSTS

2019 

http://MikesDailyMarketReport.com: ADP reported 156k new jobs in July, which is Up from it's 112k reported in June. The Employment Cost Index rose only 0.6%, under forecasts of 0.7%, in Q2. Annual Compensation Growth dropped from 2.8% to 2.7%. The Fed likes reviewing this Index for possible Wage ...
07/31/2019
http://MikesDailyMarketReport.com: There's a lot of data today on the Economic Calendar. We'll start with the Personal Income, which rose 0.4% in June; and Consumer Spending (on the other spectrum) rose 0.3% in June. The Personal Consumption Expenditure rose 0.1% in June and remained at 1.4% YoY;...
07/30/2019
http://MikesDailyMarketReport.com: There are no scheduled data to be released today from the Economic Calendar; however, this week, we have a wide range of important data to be released (namely Inflation, housing and Jobs). On top othat data, we have the FOMC, which begins tomorrow and is expecte...
07/29/2019
http://MikesDailyMarketReport.com: Q2 GDP rose 2.1%, which was higher than forecasts of 1.9%. The Final Q1 GDP was 3.1%. There were some good things out of this GDP, like the increase in Consumer Spending; however, the Businesses pulled back on their spending. This report, along with (overall) po...
07/26/2019
http://MikesDailyMarketReport.com: The Weekly Jobless Claims dropped 10k this week to 206k people applying for Unemployment; other words, less people applying for Benefits, so it's an improvement. Also, Durable Goods Orders jumped up 2.0% in June, after it dropped 2.3% in May. Even after you remo...
07/25/2019
http://MikesDailyMarketReport.com: We have both Manufacturing and Services Sectors being represented by Markit PMI flash Indexes being reported today. It's Manufacturing dropped from 50.6 in June to 50.0 in July; whereas, it's Services increased from 51.5 to 52.2. New Home Sales increased from 60...
07/24/2019
http://MikesDailyMarketReport.com: The FHFA Home Price Index rose 0.1% in May, and is Up 5.0% YoY. The FHFA HPI is an index that measures home prices for home with Conforming loans. May's numbers doesn't seem like a lot, but it was off a very good April that saw it rise 0.4%. Existing Home Sales ...
07/23/2019
http://MikesDailyMarketReport.com: No economic data from the calendar to report today. We will see a lot of Housing Data later this week, however. Stocks started the morning in Positive Territory; however, the DOW has since turned Negative, so Stocks are Mixed. There are further Corporate Earning...
07/22/2019
http://MikesDailyMarketReport.com: Consumer Sentiment slightly improved from June to July, as it went from 98.2 to 98.4, even though forecasts were calling for higher number, 99.0. Stocks are in Positive Territory. Microsoft is a Big Winner, as they blew out their numbers! More Corporate Earnings...
07/19/2019
http://MikesDailyMarketReport.com: This week's Initial Jobless Claims rose from last week's revised number (from 209k) of 208k to this week's of 216k. This week's number is important, as it will be used by the BLS with their Jobs numbers for July. This will be released Aug. 2nd. Manufacturing reb...
07/18/2019