Mike Bjork's (mbjork) Blog

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

ARCHIVED BLOG POSTS

2021 

http://MikesDailyMarketReport.com:  Today is the day for the BIG Inflation data!  The Personal Consumption Expenditure, or PCE, rose 0.5% in March; and it's YoY rose from 1.6% in February to 2.3% in March.  When you exclude the volatility of food and energy, the you receive the Core PCE (or Fed s...
04/30/2021
http://MikesDailyMarketReport.com:  Initial Jobless Claims reports came in at 553k this week, which is lower than last week's revised (higher) 566k number; also, due to lower revision to Continued Claims, this week's data came in a bit higher.  Q1 GDP's initial data came in at 6.4%.  We'll receiv...
04/29/2021
http://MikesDailyMarketReport.com:  There are no economic data to report today; however, we did receive the MBA's weekly Mortgage Application, which was lower than last week's report (despite lower rates).  This was for both purchase and refinance applications!  Stocks are still in Mixed Territor...
04/28/2021
http://MikesDailyMarketReport.com: We have 2 Home Price Indices (HPI) to report today.  The first is the 20 city (20 of the largest market cities) by Case Shiller rose 11.9% YoY; and the FHFA HPI, which gathers it's data from Conforming loan programs, rose 12.2%.  Both were for February.  Lastly,...
04/27/2021
http://MikesDailyMarketReport.com: The Durable Goods Orders disappointed in March, as it reported only 0.5%, as forecasts called for 2.3%.  However, when you exclude Transportation, then it came in at 1.6%.  This was due to some order cancellations with Boeing; so these large Transportation numbe...
04/26/2021
http://MikesDailyMarketReport.com:  The IHS Markit PMI released it's Manufacturing and Services data today.  Anything above 50 is considered expanding or growth.  The Manufacturing rose to 60.6 in April and Services rose to 63.1.  New Home Sales came in very hot for March's data!  It's February n...
04/23/2021
http://MikesDailyMarketReport.com:  Initial Jobless Claims continued it's downward trend this week, as it was reported only 547k people applied for first time benefits.  Also, to note that Continued Claims have been dropping too.  Existing Home Sales disappointed in March, as it reported only 6.0...
04/22/2021
http://MikesDailyMarketReport.com:  There are no economic data to report today, but we'll start to see some beginning tomorrow.  However, the MBA released their Mortgage Application data today, which showed an increase last week for both Purchase and Refinance loan applications.  Stocks are Up to...
04/21/2021
http://MikesDailyMarketReport.com:  Another day with any economic data to report.  This week will be light in reports being released.  Stocks are still taking a little breather after last week's big push.  Q1 Earnings Reports are still being released, but not having much impact on the Market at t...
04/20/2021
http://MikesDailyMarketReport.com:  Today is rather quiet, as we don't have any economic data to report and no headline news that would have any impact with the Market today.  Stocks are Down for the day, as they take a bit of a breather after last week's run.  There's no real big push for invest...
04/19/2021
Rainmaker
945,842

MikeBjork

local_phone(310) 694-3544
Contact The Author