ARCHIVED BLOG POSTS
2020
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http://MikesDailyMarketReport.com: Consumer Spending rose by 1.5% MoM in September, while Personal Income rose by 0.9%. Employment Costs, for Q3, rose by 0.5%. We received data on the Fed's favorite gauge for inflation, the Personal Consumption Expenditur (PCE); actually it's Core PCE is what the...
10/30/2020
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http://MikesDailyMarketReport.com: Q3 GDP rose 33.1% after a loss of 31.4% in Q2. Of course, these numbers are a bit skewed due to lockdowns and Government Stimulus. However, they do look promising! Another promising report came out in the Initial Jobless Claims, which (again) was lower than the ...
10/29/2020
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http://MikesDailyMarketReport.com: There are no economic of "note" to report today. We did receive data on Mortgage Applications, which were up last week for both purchase and refinance. Stocks are in Negative Territory, as new cases for COVID rise across US and Europe. Investors are concerned ov...
10/28/2020
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http://MikesDailyMarketReport.com: Durable Goods jumped up 1.9% in September (greater than 0.5% forecasts). When you exclude "big ticket" items, like Transportation, it went up 0.8%. Case Shiller jumped from 3.9% YoY in July to 5.2% in August. Huge Increase! However, Consumer Confidence dipped a ...
10/27/2020
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http://MikesDailyMarketReport.com: New Home Sales dropped in September from 1.011 million annualized units in August to 959k. Forecasts were calling for an increase to 1.025 million. Stocks are Down, as COVID related cases spike in the US. Europe has started to lock down again, which worries Inve...
10/26/2020
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http://MikesDailyMarketReport.com: The Markit Manufacturing PMI modestly rose by 0.1 to 53.3 in October; while it's couter-part, Markit Services PMI rose from 54.6 in September to 56.0 in October. Stocks are trading a little light this morning and in Mixed Territory (S&P is only index in Positiv...
10/23/2020
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http://MikesDailyMarketReport.com: Initial Jobless Claims dropped to it's lowest level since March. It was reported today that only 787k people applied for first time benefits last week, which is lower than forecasts of 860k. Existing Home Sales jumped up to 6.54 million annualized sales in Septe...
10/22/2020
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http://MikesDailyMarketReport.com: No economic data to point out today. The Stock Market is Up again today on continued optimism, as the White House and House are working on a deal for new stimulus; however, this could get help up by the Senate, whom have been calling for a smaller Stimulus packa...
10/21/2020
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http://MikesDailyMarketReport.com: The Housing Starts were revised lower in August, from 1.416 million annualized units to 1.388 million. In September, they rose to 1.415 million. Technically, they rose, but ultimately, it was nearly the same. Building Permits (future Housing Starts) rose from 1....
10/20/2020
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http://MikesDailyMarketReport.com: The NAHB Home Builders Index indicate the growing confidence with Home Builders in the month of October, as it rose from 83 in September to 85 in October. Stocks started of in Positive Territory, but soon after, went into the Red. The hopes for a Stimulus packag...
10/19/2020
