ARCHIVED BLOG POSTS
2020
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Hi All,I'm not certain why I'm unable to copy/paste from my wordpad regarding the summary of my video, but here's a link to my other Blog site: Mikes Daily Market ReportHere's the video:
11/30/2020
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http://MikesDailyMarketReport.com: The 2nd reading for the Q3 GDP remained Unchanged at 33.1%. The Durable Goods Orders revised their September numbers from 0.5% to 2.1%, but it came in at 1.3% for October; when you exclude Transportation, then it rose 1.3% in October. Last week's Jobless Claims ...
11/25/2020
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http://MikesDailyMarketReport.com: The Case Shiller Home Price Index saw a big spike in home appreciation for the month of September, as it rose 6.6% YoY. Meanwhile, the Consumer Confidence dropped a bit in November to 93.1, from October's 100.9. Stocks are Up this morning, as the DOW hit another...
11/24/2020
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http://MikesDailyMarketReport.com: Today, we received reports from the IHS Markit PMI, which they show Manufacturing rising from 53.4 in October to 56.7 in November; and Services rose from 56.9 in October to 57.7 in November. Overall, a very good report! Stocks are Mixed this morning on light tra...
11/23/2020
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http://MikesDailyMarketReport.com: We don't have any economic data to report today. Today is the last full week prior to Thanksgiving, as many of the large Hedge funds will be out all of next week for vacation, so it could get a little choppy due to the smaller investors. Currently, the Stock Mar...
11/20/2020
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http://MikesDailyMarketReport.com: The Manufacturing in the Philadelphia region dipped a bit in November, as the Philly Fed Index shows it went from 32.3 in October to 26.3 in November. This is still a relatively high number, but we'll watch this trend. However, the Initial Jobless Claims jumped ...
11/19/2020
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http://MikesDailyMarketReport.com: Housing Starts rose from 1.415 million annualized units in September to 1.530 million in October; however, Building Permits remained Unchanged at 1.530 million. Stocks are trading in Positive Territory, as Investors go back-and-forth with corona virus cases risi...
11/18/2020
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http://MikesDailyMarketReport.com: Import Prices dropped by 0.1% in October. The Retail Sales report indicated it's lowest MoM increase since the Pandemic with a 0.3% in October; but if you exclude Autos, then it was only 0.2% increase. The Retail Sales has become a more important data point to I...
11/17/2020
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http://MikesDailyMarketReport.com: There are no economic data to report today. The main headline affecting the Markets is Moderna's announcement that their vaccine has 94.5% efficacy (higher than Pfizer's report last week). Stocks are Up this morning on the news; however, a bit more moderate comp...
11/16/2020
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http://MikesDailyMarketReport.com: The inflation on the Wholesale side of the economy (also, as we had CPI yesterday) pull back in October, as the Core PPI rose only 0.1% in October, and it's YoY dropped from 1.2% to 1.1%. The headline PPI, however, rose 0.2% for MoM in October. Consumer Sentimen...
11/13/2020
