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2022
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http://MikesDailyMarketReport.com: The Chicago PMI, which gauges manufacturing within the Chicago region, reported an increase to 65.2 in January. Anything above 50 is considered expansion. Stocks are trying to improve today, as January was a hard month for them. The main factor for Investors...
01/31/2022
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http://MikesDailyMarketReport.com: We have several important data to report from the Economic Calendar today. We'll start off with the Employment Costs, which rose 1.0% in the 4th Quarter. This has been an important component for inflation. Personal Income rose 0.3% in December; while, Consum...
01/28/2022
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http://MikesDailyMarketReport.com: We have several important economic data being reported today, which we'll start with the initial Q4 GDP, which came in pretty hot, at 6.9%. However, Durable Goods dropped 0.9% in December; but, if you exclude Transportation (which have large numbers and can sk...
01/27/2022
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http://MikesDailyMarketReport.com: Even though we're awaiting the Fed's Announcement at 11:15am PST, we still have New Home Sales data for the month of December, which rose by 11.9% to 811k seasonally adjusted annualized units. Markets are awaiting the Fed's Announcement and positioning themsel...
01/26/2022
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http://MikesDailyMarketReport.com: Today, we have 2 HPI (Home Price Index) reports. The first is Case Shiller HPI, which gauges the 20 largest US Markets. It rose 1.2% MoM in November and dipped 0.2% to 18.3% YoY. However, FHFA HPI rose 1.1% MoM in November and it's YoY rose 0.1% to 17.5%. F...
01/25/2022
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http://MikesDailyMarketReport.com: The Markit PMI released both their Manufacturing and Services data for the month of January. Anything above 50 is considered expansion. Manufaturing dropped from 57.7 in December to 55.0 in January; and Services dropped from 57.6 in December to 50.9 in Januar...
01/24/2022
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http://MikesDailyMarketReport.com: The Leading Economic Indicator Index rose 0.8% in December, after it's November's number was revised from 1.1% lower to 0.7%. Next week will provide plenty of data, such as Housing data, GDP and Consumer Inflation (with the Fed's favorite gauge for inflation -...
01/21/2022
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http://MikesDailyMarketReport.com: The Philly Fed Index rose from 15.4 in December to 23.2 in January. This index gauges the business/manufacturing in the Philadelphia region. This is good news based on the contraction in the NY region that was released earlier this week. Jobless Claims spiked...
01/20/2022
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http://MikesDailyMarketReport.com: The MBA Mortgage Loan Activity Report released their data (which comes out every Wednesday) and indicated that Home Buyers jumped this past week, as Mortgage Rates continue to rise. Seems like rising Mortgage Rates are incentivizing Home Buyers to get off the ...
01/19/2022
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http://MikesDailyMarketReport.com: The Empire State Index, which measures manufacturing around the NY region, posted a -0.7 for January, which is the first time in awhile that we've seen any contraction in manufacturing in the NY region since the beginning of the lockdowns during the Pandemic (M...
01/18/2022
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