Mike Bjork's (mbjork) Blog

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RECENT BLOG POSTS
http://MikesDailyMarketReport.com: Today is the big day, which the Bureau of Labor Statistics (BLS) provides their Jobs data.  Without further adieu, the Non-Farm Payrolls not only hit 379k (beating estimates of 182k) for the month of February, but it revised it's January from 49k to 166k.  Meanw...
03/05/2021
http://MikesDailyMarketReport.com:  We have a lot of data to go over today; and tomorrow is the big jobs data from the Bureau of Labor Statistics.  Without further adieu, let's start with the final revision of Labor Costs for Q4, which dropped from last month's 6.8% to 6.0%.  This is good news fo...
03/04/2021
http://MikesDailyMarketReport.com: The ADP reported only 117k new jobs for February, which was disappointing, as forecasts were looking for 177k.   The ISM Non-Manufacturing PMI dipped from 58.7 in January to 55.3 in February; which means that the Services Industry pulled back a little bit in Feb...
03/03/2021
http://MikesDailyMarketReport.com: No economic data to report today.  Stocks are in Mixed Territory, as the DOW represents the lone index in Positive Territory.  We have a few Fed speakers today, which investors will definitely watch Lael Brainerd, as she almost disregarded the concerns of last w...
03/02/2021
http://MikesDailyMarketReport.com:  ISM Manufacturing Index jumped, and matching a 2 year high, to 60.8 in February.  Also, Construction Spending rose by 1.7% in January.  Stocks took off this morning, as Yields seem to have calmed down a bit today and good economic data.  Mortgage Rates are Up a...
03/01/2021
http://MikesDailyMarketReport.com:  The Personal Income jumped up to 10.0% in January and the Consumer jumped up 2.4%.  Meanwhile, Inflation still shows some tameness, as the Personal Consumption Expenditure (PCE) rose 0.3% in January, while it's YoY bumped up from 1.3% to 1.5%.  However, the Cor...
02/26/2021
http://MikesDailyMarketReport.com: Last week's Initial Jobless Claims report was revised lower, from 861k to 841k; and this week's report vastly improved to 730k.  December's Durable Goods Orders was revised higher, from 0.5% to 1.2%; and January's came in at 3.4% (hotter than it's 1.1% forecast)...
02/25/2021
http://MikesDailyMarketReport.com: New Home Sales spiked to 923k seasonally adjusted units for January.  Stocks are back into Positive Territory after more dovish comments by Fed Chair Powell during his testimony to the House Committee today.  They started in the Red, then reversed into positive ...
02/24/2021
http://MikesDailyMarketReport.com:  We have 2 HPI (Home Price Indexes) released today for the month of December.  The Case Shiller Index rose by 10.1% YoY; and the FHFA HPI rose by 11.4%.  These are the highest numbers since 2014.  Also, Consumer Confidence rose to 91.3 in February.  Stocks are D...
02/23/2021
http://MikesDailyMarketReport.com: Leading Indicators reported improvement of 0.5 for the month of January.  Stocks are a bit mixed this morning on the concern of higher Yields.  Stock valuations are coming into question, as the higher borrowering costs represents lower profits for Investors.  In...
02/22/2021
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