Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Pinnacle Home Loan - NMLS #275652/1820
RECENT BLOG POSTS
http://MikesDailyMarketReport.com: Markit Manufacturing PMI dropped from 52.4 in December to 51.7 in January; however, Markit Services PMI jumped up from 52.8 in December to 53.2 in January. Stocks are in Positive Territory this morning on some good Earnings Reports from AMEX and Intel, while shr...
01/24/2020
http://MikesDailyMarketReport.com: The Weekly Jobless Claims rose 6k to 211k for this week's report; however, these are relatively low numbers and a good indicator to the strength of the labor market. This week's data holds more importance because it's part of the "sample" week, which is used as ...
01/23/2020
http://MikesDailyMarketReport.com: Existing Home Sales rose from 5.35 million annualized units in November to 5.54 million in December. Stocks reverse earlier concerns over the Coronavirus in China, which a report of one traveller in US was infected with it. Stocks are Up on news that both China ...
01/22/2020
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are taking a bit of a breather today, after a long weekend, and the continuous build-up on stocks. The IMF reported that they revised their 2020 world economic outlook, which was revised lower by 0.1%, including...
01/21/2020
http://MikesDailyMarketReport.com: Housing Starts rose by 17% MoM to 1.608 million annualized units, which is the highest in 14 years. However, Building Permits dipped 3.9% to 1.416 millin annualized units in December. Industrial Production dropped by 0.3% in December. Capacity Utilization droppe...
01/17/2020
http://MikesDailyMarketReport.com: Weekly Jobless Claims dipped a bit further (Good News!) to 204k. Retail Sales rose 0.3% in December; however, if you exclude Autos, then it rose 0.7%. Manufacturing is showing some improvement in January, as the Philly Fed rose to 17.5 (on the heels of Empire St...
01/16/2020
http://MikesDailyMarketReport.com: The Wholesale Inflation data was reported today, as the Producer Price Index rose only 0.1% in December, but it's YoY rose from 1.1% to 1.3%. The Core PPI also rose 0.1% in December, however, it's YoY dropped from 1.3% to 1.1%. Manufacturing improved around the ...
01/15/2020
http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped 2 points to 102.7 in December. On the inflation front, we have the Consumer Price Index, which rose only 0.2% in December, below it's 0.3% forecasts; and it's YoY rose from 2.1% to 2.3%. The Core CPI rose 0.1% in December an...
01/14/2020
http://MikesDailyMarketReport.com: There are no economic data to report this morning, as it's a relatively quiet news day. Stocks are Up this morning on anticipation of the US and China Phase One Trade Agreement due to be signed this week, most likely on Wednesday. MBS is currently Down 8bps and ...
01/13/2020
http://MikesDailyMarketReport.com: Non-Farm Payrolls disappointed with 145k jobs in December based on 156k forecasts. November and October numbers were revised lower by 14k. However, the Unemployment Rate remains Unchanged at 3.5%. Average Hourly Earnings also disappointed, as it only rose 0.1%, ...
01/10/2020
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