Mike Bjork's (mbjork) Blog

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

ARCHIVED BLOG POSTS

2020 

http://MikesDailyMarketReport.com: A lot of data to report today, which we'll start with Personal Income for January. It rose 0.6%, which was double it's forecast. Consumer Spending rose only 0.2% in January, which is half of what was reported in December, and less than forecast. Both the Persona...
02/28/2020
http://MikesDailyMarketReport.com: The Weekly Jobless Claims rose 8k from last week's numbers to 219k this week. The Q4 GDP remained Unchanged at 2.1%. The final revision will be reported next month. Durable Goods Orders dropped 0.2% in January (better than the -1.0% forecast); however, when you ...
02/27/2020
http://MikesDailyMarketReport.com: New Home Sales rose to 764k in annualized units from December to January. December's numbers were revised higher. Stocks are rebounding from the last 2 days of sell offs due to concerns over the coronavirus making it's way globally. MBS and Mortgage Rates remain...
02/26/2020
http://MikesDailyMarketReport.com: The Case Shiller Home Price Index rose from 3.5% in November to 3.8% in December, as YoY numbers. Also, FHFA HPI rose from 5.0% in November to 5.2% in December. The reason for higher YoY numbers for FHFA HPI is because it represents homes with Conforming loans, ...
02/25/2020
http://MikesDailyMarketReport.com: There are no economic data to report today, so Stocks are going off of Geopolitical news today. As such, the coronavirus is having a much stronger impact on the global economy, as Investors are panicking. The DOW is Down between 800-900 points and the NASDAQ is ...
02/24/2020
http://MikesDailyMarketReport.com: Today, we have reports from Markit PMI flash for the month of February with both sectors (Manufacturing and Services) reporting. The Manufacturing dropped from 51.9 in January to 50.8 in February; while, Services dropped from 53.4 in January to 49.4 in February....
02/21/2020
http://MikesDailyMarketReport.com: Weekly Jobless Claims rose by 4k from previous report to 210k, which is still a very strong number. This week's report carries more weight because it is the "sample" week, which is used toward the calculation for the Bureau of Labors Jobs numbers due March 6th. ...
02/20/2020
http://MikesDailyMarketReport.com: Housing Starts, which had a 14 year high in December was revised higher from 1.608 million to 1.626 million; so, it stands to reason there will be a bit of a pull back in January, which it did decline to 1.567 million. It's still better than it's forecast of 1.4...
02/19/2020
http://MikesDailyMarketReport.com: The Empire State Index (Manufacturing in the NY region) indicated some strength in February after jumping from 4.8 in January to 12.9. NAHB Home Builders Index, which indicates the confidence level with Home Builders, dropped one point to 74 in February. However...
02/18/2020
http://MikesDailyMarketReport.com: Retail Sales (both headline and excluding Autos) rose 0.3% in January. Import Price Index remained Unchanged in January. However, Industrial Production dropped 0.3% in January and Capacity Utilization dropped from 77.1% to 76.8%. Consumer Sentiment rose to 100.9...
02/14/2020