ARCHIVED BLOG POSTS
2019
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http://MikesDailyMarketReport.com: Weekly Jobless Claims scaled back from the previous reporting to 213k people applying for first time benefits. The GDP's 2nd revision for the Q3 came in a little higher, from 1.9% to 2.1%. We'll see the final revision next month! Durable Goods Orders (including ...
11/27/2019
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http://MikesDailyMarketReport.com: The Case Shiller HPI rose in September from 3.1% to 3.2%. Consumer Confidence slightly slipped from 125.9 to 125.5 in November. Forecasts were calling for an increase to 128.2. New Home Sales had a large revisions to it's September numbers, going from 701k to 73...
11/26/2019
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http://MikesDailyMarketReport.com: There are no economic data for the Calendar today, but there will be bunch of important data crammed into the next 2 days. This week will be a holiday shortened week, which our last report for this week will be Wednesday. Stocks are Up this morning on optimism o...
11/25/2019
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http://MikesDailyMarketReport.com: Consumer Sentiment grew to 96.8 (from 95.7) in November. Also, Markit Manufacturing PMI flash rose from 51.3 to 52.2 in November. The other Markit report is on the Services Industry, which is the Markit Non-Manufacturing PMI flash, which rose from 50.9 tp 51.6. ...
11/22/2019
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http://MikesDailyMarketReport.com: Weekly Jobless Claims were a little higher this week than expectations with 227k applying for first time benefits. The Philly Fed Index rose from 5.6 to 10.4 in November. This index measures the manufacturing in the Philadelphia region. Existing Home Sales impro...
11/21/2019
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http://MikesDailyMarketReport.com: Today's rather quiet, in terms of reports being released. Only the FOMC Minutes will be released later this morning. It may not have as much impact on the Market today, as Fed Chair Powell spoke before Congress last week. Meanwhile, Stocks are trading in Mixed T...
11/20/2019
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http://MikesDailyMarketReport.com: Housing Starts improved in October, rising from 1.266 million annualized units in September to 1.314 million in October. The Building Permits (a good forward view of Housing Starts) increased to a 12 year high, which it went from 1.391 million annualized units i...
11/19/2019
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http://MikesDailyMarketReport.com: The Home Builders Index, which measures the confidence level of Home Builders, slid from 71 to 70 in November. Stocks are in Negative Territory, as pessimism grows on any US-China Trade Deal happening any time soon. MBS is currently Up 19bps and fighting to stay...
11/18/2019
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http://MikesDailyMarketReport.com: Retail Sales Improved by 0.3% in October; and when you exclude Autos, then it only rose 0.1%. Import Prices rose 0.2% in October. Empire State Index, which measures the Manufacturing sector in NY region, dropped from 4.0 to 2.9 in November. Industrial Production...
11/15/2019
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http://MikesDailyMarketReport.com: Weekly Jobless Claims rose to a 5 month high last week, as 225k people filed for Unemployment. The Producer Price Index, which measures inflation on the Wholesale sector, rose higher than expected in October by 0.4%, which forecasts called for 0.3%. However, it'...
11/14/2019
