ARCHIVED BLOG POSTS
2020
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http://MikesDailyMarketReport.com: The Case Shiller Home Price Index jumped from 4.3% YoY appreciation in June to 4.8% in July. Nice spike! Also, Consumer Confidence jumped from 86.3 in it's previous report to 101.8 in it's September report. Stock indices are all in Negative Territory, as Investo...
09/29/2020
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http://MikesDailyMarketReport.com: There are no economic data to report today; but this week's Jobs Reports will be our Primary focus. Stocks are Up this morning. It's partly due to buyers coming back into the Market after several days (last week) of selling and some optimism for a 2nd Stimulus P...
09/28/2020
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http://MikesDailyMarketReport.com: Durable Goods Orders' MoM for August disappointed, as it only represented 0.4% growth; after a 11.7% for July. The CapEx rose 1.8%, which wasn't too bad. This is the data for Durable Goods Orders without the big ticket items (like transportation, defense, air pl...
09/25/2020
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http://MikesDailyMarketReport.com: Weekly Jobless Claims were revised higher by 6k in last week's report; and came in about 4k higher this week from the revised number, at 870k. A silver lining is New Home Sales, as they jump to 1.01 million annual units for August. This is the first time since 2...
09/24/2020
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http://MikesDailyMarketReport.com: We have reports from Markit PMI for the month of September to report today. The Market Manufacturing PMI rose from 53.1 to 53.5; and the Markit Services dipped from 55.0 to 54.6. These are MoM from August to September numbers; and anything above 50 represents ex...
09/23/2020
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http://MikesDailyMarketReport.com: Existing Home Sales improved from 5.86 million annualized units in July to 6.00 million in August. Meanwhile, Stocks are trading in Mixed Territory, as the DOW is lone index in the Red. Some of the sentiment from yesterday is continuing into today's trading. ...
09/22/2020
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http://MikesDailyMarketReport.com: There are no economic data to report today, so Markets are looking to the headlines today. Stocks are WAY Down this morning on concerns of more restrictions in Europe, as they saw some of their COVID Cases rise. Also, a major news article from Buzzfeed, which ot...
09/21/2020
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http://MikesDailyMarketReport.com: The Consumer Sentiment improved so far in September, as it jumped to 78.9 from August's 74.1. The Leading Economic Indicator had a positive revision in July, going from 1.4% to 2.0%; however, it dropped to 1.2% in August. Stocks are all in the Red this morning, ...
09/18/2020
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http://MikesDailyMarketReport.com: The initial Jobless Claims reported 860k people applying for first time unemployment last week, which is down from 893k in it's previous report. Housing Starts pulled back in August, as it went from 1.49 million annualized units in July to 1.42 million in August...
09/17/2020
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http://MikesDailyMarketReport.com: Retail Sales MoM of 0.6% was a bit of disappointment for Investors this morning; and when you exclude Autos, it only went up 0.7% for August. Not to be surprised, but NAHB Home Builders Index rose from 78 to 83 in September, as confidence is rising among Home Bu...
09/16/2020
