Mike Bjork's (mbjork) Blog

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

ARCHIVED BLOG POSTS

2019 

http://MikesDailyMarketReport.com: We have a few important data releases being delayed due to the recent Gov't Shutdown (like PCE, Fed's favorite gauge for Inflation), but we do have some other important data to report from the Economic Calendar. We'll start off with the Initial Jobless Claims, w...
01/31/2019
http://MikesDailyMarketReport.com: There's a few items on the Economic Calendar today. The first item is the ADP Employment data, which reported 213k jobs in January. December was revised lower from 271k to 263k. This is the first Jobs data that we'll see this week. Next is Initial Jobless Claims...
01/30/2019
http://MikesDailyMarketReport.com: A few items on the Economic Calendar today. The Case Shiller HPI dropped from 5.3% to 5.2% in November. Don't let the Media fool you! Home Prices are still rising, BUT at a slower pace on Year over Year basis. NOT the drop, as the Media likes to portray! It will...
01/29/2019
http://MikesDailyMarketReport.com: There's nothing to report from the Economic Calendar today, as the Markets are following the Stock Market and Geo-Political news today. Caterpillar missed it's numbers, which started the Stock Market's drop this morning; and all of the uncertainty of the Tempora...
01/28/2019
http://MikesDailyMarketReport.com: Due to the Gov't Shutdown, there are no Economic Data to provide that were on the Calendar; so, whenever they re-open, then one can assume there will be a plethora of delaye data to be released. Meanwhile, on the Headline News, Stocks are rising on very good Cor...
01/25/2019
http://MikesDailyMarketReport.com: We have several items on the Economic Calendar today. We'll start with our Weekly Jobless Claims, which last week's numbers were revised lower from 213k to 212k; this week it came in much lower at 199k, which is (from my understanding) the lowest reading since 1...
01/24/2019
http://MikesDailyMarketReport.com: Rather quiet day on the Economic Calendar, as the FHFA Home Price Index released their data for November, which showed an improvement of 0.4% for the month, and improvement from 5.7% to 5.8% YoY; so, home prices are still rising. Stocks are rallying on some stro...
01/23/2019
http://MikesDailyMarketReport.com: Today, we only have the Existing Home Sales on the Economic Calendar, which slowed up from 5.32 million in November to 4.99 million annualized units in December. A lot of this can be contributed to the higher interest rates, which started it's rise in October, t...
01/22/2019
http://DailyMarketReport.com: We have a few items on the Economic Calendar today. The Industrial Production rose 0.3% (in line with forecast) in December. Capacity Utilization rose from 78.6% to 78.7% in December. Meanwhile, Consumer dropped from 98.3 to 90.7, which is most likely due to sentimen...
01/18/2019
http://MikesDailyMarketReport.com: Housing Starts and Building Reports data will be delayed due to the Gov't Shutdown. Today, we have the Weekly Jobless Claims, which came in at 213k. Today's number is important because it represents the "Sample" number for the BLS' Jobs Report for January, which...
01/17/2019