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: The Empire State Index, which measures Manufacturing data in the NY region, dropped from 4.8 in August to 2.0 in September. Manufacturing has been suffering a bit of late, and it's something that we're watching, as more and more talk about recession becomes more...
09/16/2019

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http://MikesDailyMarketReport.com: Retail Sales jumped Up 0.4% in August; however, if you remove Autos from that data, then it was completely flat. Consumer Sentiment Index shows that Consumers are feeling better in September, as it rises from 89.8 to 92.0. Also, Business Inventories rose 0.4% in...
09/13/2019

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http://MikesDailyMarketReport.com: Weekly Jobless Claims came in strong last week, which only 204k people applied for first time benefits. The Consumer Price Index (CPI) rose only 0.1% in August, which it's YoY dropped from 1.8% to 1.7%. However, it's Core CPI rose 0.3% in August, and it's YoY ro...
09/12/2019

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http://MikesDailyMarketReport.com: Producer Price Index, which gauges inflation with Wholesalers, rose 0.1% in August, and it's YoY rose from 1.7% to 1.8%. When you strip out Food and Energy, then you have the PPI, which rose 0.3% in August, and it's YoY rose from 2.1% to 2.3%. Wholesale Inventor...
09/11/2019

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http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped a little bit in August, going from 104.7 to 103.1. This is the lowest level since March, which is when things between US and China got a little bit chippy. It got a little chippy last month too, which may be the reason for t...
09/10/2019

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http://MikesDailyMarketReport.com: Quiet day on the Economic Calendar, and for the most part on the News day too. Investors will be looking ahead to the ECB announcment later this week, and the FOMC next week, as the Fed Officials go into a Quiet Period before the FOMC. It is expected that the EC...
09/09/2019

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http://MikesDailyMarketReport.com: Today is the Big Day for the Jobs Data! The Non-Farm Payroll, report given by the Bureau of Labor Statistics (BLS), rose only 130k new jobs in August. The Unemployment Rate remained the same, at 3.7%. The Average Hourly Earnings exceeded forecasts and rose 0.4% ...
09/06/2019

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http://MikesDailyMarketReport.com: The ADP Report came in strong with 195k new Jobs in the Private Sector. Weekly Jobless Claims came in at 217k. Q2 Productivity dropped from 3.1% in Q1 to 2.3% in Q2. Also, Unit Labor Costs rose 2.6% in Q2. Markit Services PMI dropped from 50.9 in July to 50.7 in...
09/05/2019

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http://MikesDailyMarketReport.com: Today, we just have the Fed's Beige Book on the Economic Calendar, which will be released around 11am PST. This will provide a Micro Economic view around the US. Stocks are Up this morning on positive Geo-Political news. China is easing on some of the restrictio...
09/04/2019

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http://MikesDailyMarketReport.com: ISM Manufacturing contracted in August to it's lowest level (49.1%) in approximately 3 years. Construction Spending slighly rebounded in July by rising 0.1%. Investors are a bit uneasy with the Manufacturing data today, along with the Tariffs that were implement...
09/03/2019
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