Mike Bjork's (mbjork) Blog

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

ARCHIVED BLOG POSTS

2019 

http://MikesDailyMarketReport.com: Manufacturing in the Chicago region contracted, per the Chicago PMI, in September. It dropped from 50.4 to 47.1. Stocks are trading in Positive Territory this morning, as an announcement by the Treasury eased concerns, that were raised by a report on Bloomberg, ...
09/30/2019
http://MikesDailyMarketReport.com: A lot of data on the Economic Calendar today, so we'll start with the Durable Goods Orders for August, which rose 0.2% (higher than forecast of -0.7%); and if you remove Transportation, then it rose 0.5%. Personal Income rose 0.4% in August, while Consumer Spend...
09/27/2019
http://MikesDailyMarketReport.com: Initial Jobless Claims rose 3k from last week's report to 213k. However, last week's report was revised higher by 2k (from 208k to 210k). Last week's report is important because it will be used as part of the BLS' Jobs report due October 4th. This low number sho...
09/26/2019
http://MikesDailyMarketReport.com: New Home Sales jumped up from 666k in July to 713k in August. Stocks are in Mixed Territory, as Congress has announced an Inquiry into an Impeachment process. This gave rise to Yields, thus affecting Bonds, which we'll see in a little bit. Aso, Investors are sti...
09/25/2019
http://MikesDailyMarketReport.com: The Case Shiller Home Price Index remained Unchanged at 3.2% in July, as June's data was revised a little higher. Consumer Confidence dropped a bit in September, from 134.2 to 125.1, due to the tensions that erupted between the US and China Trade Negotiations. S...
09/24/2019
http://MikesDailyMarketReport.com: Today, we have data from Markit PMI flash for the month of September. The manufaturing data rose to 51.0; while the services data rose to 50.9. However, the Eurozone reported some pretty ugly numbers in manufacturing, which is partly why Stocks are currently in ...
09/23/2019
http://MikesDailyMarketReport.com: We don't have any data to report from the Economic Calendar today. Stocks are Up again today and approaching new highs again. Tensions between US and China appear to be easing, as they're currently meeting to prepare for the bigger meeting in October. A few memb...
09/20/2019
http://MikesDailyMarketReport.com: Weekly Jobless Claims beat forecasts and rose only 2k, to 208k. The Philly Fed dropped from 16.8 to 12.0 in Sept., but still beat it's projection at 10.0. This measures the manufacturing in the Philadelphia region. Existing Home Sales rose in August from 5.42 mi...
09/19/2019
http://MikesDailyMarketReport.com: Both Housing Starts and Permits had a very nice spike in August, which coincides with yesterday's NAHB Home Builder Index. Housing Starts jumped Up from 1.215 million annualized units to 1.364 million. Permits leaped from 1.317 million annualized units to 1.419 ...
09/18/2019
 http://MikesDailyMarketReport.com: Industrial Production rose 0.6% in August; and Capacity Utilization rose from 77.5% to 77.9%. Last, but not least, the Home Builder's Index rose from 66 to 68 in September. This index measures the confidence level of Home Builders. The Sentiment from the Attack...
09/17/2019
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