ARCHIVED BLOG POSTS
2019
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http://MikesDailyMarketReport.com: Personal Income rose 0.1% in July, while Consumer Spending rose 0.6%. The Personal Consumption Expenditure rose 0.2% in July; whereas, it's YoY essentially remained the same, as the June's number was revised from 1.4% to 1.3%, then rose to 1.4% YoY in July (hope...
08/30/2019
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http://MikesDailyMarketReport.com: Weekly Jobless Claims rose a little bit from 211k people applying for Unemployment the previous week to 215k last week. Q2 GDP had it's 2nd revision today, which went from 2.1% annualized to 2.0%. It's forecasts called for 1.9%, Also, Pending Home Sales dropped ...
08/29/2019
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http://MikesDailyMarketReport.com: Nothing to report from the Economic Calendar today. The Market's Sentiment seems to be shifted a bit more sour today, as it begain late yesterday. Stocks closed in Negative Territory yesterday (after starting the day in Positive Territory). Today, it is a bit mi...
08/28/2019
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http://MikesDailyMarketReport.com: Case Shiller Home Price Index, which gauges home prices in the 20 largest US Cities, dropped from 2.4% YoY in May to 2.1% YoY in June. Consumer Confidence Index had a slight drop from 135.8 in July to 135.1 in August. Headline news are more of the same, or conti...
08/27/2019
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http://MikesDailyMarketReport.com: Durable Goods Orders rose 2.1% in July, up from 1.8% in June. However, when you exclude the Autos, then it dropped 0.4% in July. Stocks are Up this morning on news that President Trump stated that China contacted him twice over the weekend to return back to nego...
08/26/2019
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http://MikesDailyMarketReport.com: We only have 1 economic piece to report, which is New Home Sales for the Month of July. In June, we had 728k annualized units sold; however, in July, it dropped to 635k. Very disappointing! That's nearly a 100k drop in 1 month. Stocks are trading in Negative Ter...
08/23/2019
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http://MikesDailyMarketReport.com: The Weekly Jobless Claims was reduced by 12k from last week's report to 209k. This week's report is important because it is being used by the BLS for their Jobs Data to be reported the first Friday of Sept, which this report is called the "Sample Week". Markit M...
08/22/2019
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http://MikesDailyMarketReport.com: Existing Home Sales jumped up from 5.29 million annualized units in June to 5.42 million in July. The FOMC Minutes will be released at 11am PST. Investors will be searching for clues behind the Fed's thoughts on past Rate Cut and insight into future Rate Cuts. S...
08/21/2019
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http://MikesDailyMarketReport.com: There's no economic data to report today (again), which was mentioned yesterday that this will be relatively light in terms of data being reported. The Markets are taking their cue from the remaining Earnings Reports, as big bellweather companies, like HomeDepot...
08/20/2019
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http://MikesDailyMarketReport.com: There's No Economic Data to report today, and it will be a light week this week, as well. The Market is taking it's cue today on Geo-Political News, as President Trump and his Staff downplay talks of recession. They stated that they expect the economy to continu...
08/19/2019
