ARCHIVED BLOG POSTS
2020
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http://MikesDailyMarketReport.com: There are no data to report from economic report. This week will provide us Jobs data from the month of August. Meanwhile, Stocks are in Mixed Territory, as the NASDAQ is the only index in Positive Territory; and the DOW is currently Down 200+ points. The FDA pr...
08/31/2020
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http://MikesDailyMarketReport.com: Inflation rose a little bit in the month of July, as the Personal Consumption Expenditure rose 0.3% MoM; and increased it's YoY from 0.9% to 1.0%. When you remove the Food and Energy, then you have the Core PCE (the Fed's favorite measure for inflation), which a...
08/28/2020
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http://MikesDailyMarketReport.com: Initial Jobless Claims improved from last week's report to 1.006 million people applying for Unemployment for the first time. The second look of Q2 GDP dropped from -32.9% to -31.7%. The final revision will come next month. Pending Home Sales continue to show a ...
08/27/2020
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http://MikesDailyMarketReport.com: The Durable Goods Orders surprised to the positive side today, as it jumped up from June to July by 11.2%; however, when you remove Transportation, it only jumped up by 2.4%. Stocks are (again) in Mixed Territory, as DOW continues it's recent path in the Red. Th...
08/26/2020
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http://MikesDailyMarketReport.com: The Case Shiller Home Price Index rose 4.3% in June. Consumer Confidence dropped from 91.7 in July to 84.8 in August. However, we do have a silver-lining with New Home Sales, as it jumped from 791k in June to 901k in July. Stocks are in Mixed Territory this morn...
08/25/2020
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http://MikesDailyMarketReport.com: There are no economic data to report today, but there will be some important data to be reporte the remaining parts of this week. Stocks are Up this morning, as we approach closer to some treatments and vaccinations for COVID-19. The FDA is approving the use of ...
08/24/2020
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http://MikesDailyMarketReport.com: The Markit Manufacturing PMI improved from 50.9 in July to 53.6 in August. The Markit Services PMI improved from 50.0 in July to 54.8 in August. So, according to Markit PMI, both the Manufacturing and the Services Sectors of our economy show signs of improving. ...
08/21/2020
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http://MikesDailyMarketReport.com: The Initial Jobless Claims reported today was a bit of a disappointed after last week's (revised) 971k people applying for first time unemployment benefits, jumped back above the 1 million mark at 1.11 million for last week. The Manufacturing in the Philadelphia...
08/20/2020
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http://MikesDailyMarketReport.com: The only economic data being reported today is the FOMC Minutes from the Fed's Meeting last month. This will be released a little later this morning, and there are no expectations of anything being of surprised, as the Fed has been very transparent of their thou...
08/19/2020
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http://MikesDailyMarketReport.com: We had very good numbers in Housing today, as indicated by the higher Home Builders Confidence. In Housing Starts for July, they jumped from 1.220 million seasonally adjusted units in June to 1.496 million in July. The Building Permits (future housing starts) al...
08/18/2020
