ARCHIVED BLOG POSTS
2019
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http://MikesDailyMarketReport.com: Happy New Years! Hope you all have a fun, safe New Years Eve tonite! We have a few data to report, which we'll begin with the Case Shiller HPI for October, which it rose from 3.2% to 3.3% YoY. This is considered the "Gold Standard" index for Home Prices. Consume...
12/31/2019
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http://MikesDailyMarketReport.com: Chicago PMI improved a little bit, as it went from 46.3 to 48.9 in December. However, this still in contraction levels. Pending Home Sales rose by 1.2% in November. Stocks are in the Red this morning, as Investors reassess their positions in the Market. As is th...
12/30/2019
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http://MikesDailyMarketReport.com: There's no data to report from the Calendar today. Stocks are trading on light levels and in Mixed Territory so far this morning. There was a report out of China that their November's Industrial Profits were Up and reversed several months of Negative Profits. We...
12/27/2019
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http://MikesDailyMarketReport.com: Initial Jobless Claims dropped down to 222k last week. Still relatively quiet, in terms of news, so the Market is still monitoring the Phase One Agreement. Both sides are expressing that it's nearly done, it's a matter of translations and other fine details befo...
12/26/2019
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http://MikesDailyMarketReport.com: No economic data to report today. Markets will close early today for Christmas and return on Thursday, which we'll see the Weekly Jobless Claims. From now until the end of the year, we may see some swings in the Markets, as we deal with skeleton crews. Beijing r...
12/24/2019
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http://MikesDailyMarketReport.com: Durable Goods Orders dropped by 2% in November, which was heavily affected by lack of Airline and Defense Goods being purchased. When you remove autos, then it rose by 0.6%. New Home Sales were revised lower from 733k annualized units to 710k in October. In Nove...
12/23/2019
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http://MikesDailyMarketReport.com: The Q3 GDP remained unchanged for it's final revision at 2.1%. This indicates the economy is still growing at a modest pace, which is especially important due to the Trade negotiations with China during this period. Personal Income rose by 0.5% in November. Cons...
12/20/2019
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http://MikesDailyMarketReport.com: The Weekly Jobless Claims are down to 235k this week from last week's report of 252k, which is a welcomed sign; but it's still a little higher than we've been seeing, so we'll definitely keep an eye on this data. The Philly Fed dropped to 0.3 (nearly in contract...
12/19/2019
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http://MikesDailyMarketReport.com: Quiet Day in the Market today. There are no data to report on the economic calendar today, and Geo-Political news is mostly mute. Even though the House Vote for Impeachment Hearings is not a factor, as it's widely expected to die with the Senate, so Investors ar...
12/18/2019
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http://MikesDailyMarketReport.com: Housing Starts increased to 1.365 million annualized units in November from a higher revision in October of 1.323 million. A good forward indicator for more Housing Starts are Building Permits, which also, increased from 1.461 million annualized units to 1.482 m...
12/17/2019
