ARCHIVED BLOG POSTS
2021
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http://MikesDailyMarketReport.com: Initial Jobless Claims continue to rise, as they report 362k people applied for first time benefits last week. The final Q2 GDP rose to 6.7% from it's initial 6.6% report. Of course, this was propped up because of Government Stimulus and reopening of economy....
09/30/2021
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http://MikesDailyMarketReport.com: Pending Home Sales spiked 8.1% in August, easily beating forecasts of 1.4%. Stocks are in Mixed Territory, as many stocks (especially Growth Stocks) are being affected by the recent spike in Yields. MBS started the day in good position (approximately Up 13bps...
09/29/2021
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http://MikesDailyMarketReport.com: We have 2 Home Price Indices (HPI) reporting today, which I believe I may have erred on the name of one of the indices. I may have referred to it as NAHB, which I'd like to correct it to FHFA. It does report the properties that have Fannie and Freddie loans. ...
09/28/2021
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http://MikesDailyMarketReport.com: The Durable Goods Orders rose 1.8% in August; but if you exclude Transportation, then it only rose 0.2%. There will be Treasury and Bond Auctions this week, which can impact Mortgage Rates, so we'll keep an eye on demand. Stocks are in Mixed Territory, as Yi...
09/27/2021
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http://MikesDailyMarketReport.com: New Homes Sales rose 1.5% in August, as it went from 729k annualized unit in July to 740k in August. Stocks are Down today, as Investors await Evergrande's debt payment due yesterday. They do get a 30 grace period, so if it comes down to wire, then watch inve...
09/24/2021
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http://MikesDailyMarketReport.com: The Initial Jobless Claims rose to 351k this past week; and the Continued Claims spiked a bit, as more people remained on Unemployment. The IHS Markit PMI released their Services and Manufacturing data for September. Anything above 50 is expansion or optimism...
09/23/2021
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http://MikesDailyMarketReport.com: The Existing Home Sales dropped 2.0% in August, as July's data was revised slightly higher (from 5.99 million annualized units to 6.00 million). It was reported at 5.88 million in August. The Fed will be wrapping up it's 2 day meeting (FOMC) today, which they...
09/22/2021
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http://MikesDailyMarketReport.com: Housing Starts rose by 3.9% in August, while Building Permits (future Housing Starts) rose by 6.0%. If you recall yesterday, that we had a slight uptick in the Home Builder Confidence. Stocks are Up after yesterday's bloodbath (being blamed on Evergrande). I...
09/21/2021
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http://MikesDailyMarketReport.com: The NAHB Home Builders Index rose 1 point to 76 in September, as Home Builders gain some confidence. Stocks are taking a beating today, as China's Evergrande HK is making big headlines. They're a top 3 real estate developer that is facing financial collapse, ...
09/20/2021
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http://MikesDailyMarketReport.com: The Consumer Sentiment reported it's mid-September number rose from 70.3 to 71.0. We'll receive September's final reading toward the end of the month. Meanwhile, Stocks are facing volatility, as today is the Quadruple Witching (expiration of options for 4 dif...
09/17/2021
