Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  The Existing Home Sales dropped in May from 5.85 million annualized units in April to 5.80 million.  However, this is better than the 5.72 million forecast.  Stocks are Up again today before Fed Chair Powell testifies before the House Sub-Committee this afterno...
06/22/2021
http://MikesDailyMarketReport.com:  There are no Economic data on the calendar to report today; however, there are a number of other data throughout the week that may  make some impact (including PCE, GDP, Housing data, etc...).  The Markets are following last week's hawkish tone set by the Fed a...
06/21/2021
http://MikesDailyMarketReport.com:  Today is a new Federal Holiday, Juneteenth, so there are no economic data to report; however, the Markets are still open.  Stocks are Down this morning, based on 2 events.  The first event is the Quadruple Witching, which Portfolio Managers reposition their por...
06/18/2021
http://MikesDailyMarketReport.com:  Manufacturing in Philadelphia region slipped a little bit in June, as the Philly Fed Index came in at 30.7 (prior, it was at 31.5).  The Initial Jobless Claims rose back above 400k, as it was reported that 412k people applied for first time benefits last week. ...
06/17/2021
http://MikesDailyMarketReport.com:  Housing Starts rose to 1.572 million annualized units in May, as it's April numbers were reduced from 1.569 million to 1.517 million.  It's counter-part, Building Permits dropped to 1.681 million annualized units, as confidence with Home Builders sours.  They'r...
06/16/2021
http://MikesDailyMarketReport.com:  We got a long list of economic data to report today, so be prepared.  The inflation data for the Wholesale sector continues to rise, as the Producer Price Index (PPI) rose 0.8% in May; and the Core PPI (excludes food and energy) rose 0.7%, bringing it's YoY fro...
06/15/2021
http://MikesDailyMarketReport.com:  There are no economic data to report today.  It's fairly slow in the Markets, as NASDAQ remains the only index in Positive Territory; and Investors shift their bets ahead of the FOMC, which begins tomorrow.  The FOMC is the Fed's 2 day meeting, which they gathe...
06/14/2021
http://MikesDailyMarketReport.com:  Consumer Sentiment rose to 86.4 in June, as Consumers are feeling a bit better (compared to May); however, there is still concerns lingering over inflation, as their costs are higher.  Stocks are in Mixed Territory, as NASDAQ is lone index tip toeing back and f...
06/11/2021
http://MikesDailyMarketReport.com:  We received the long-awaited inflation report for this week today, which is the Consumer Priced Index (CPI), for the month of May.  The CPI rose 0.6% in May; and it's YoY rose from 4.2% in April to 5.0% in May.  The Core CPI (excluding food and energy) rose 0.7...
06/10/2021
http://MikesDailyMarketReport.com:  The Wholesale Inventories rose by 0.8% in April.  This is a minor report, and won't have much impact with the Markets.  However, tomorrow's CPI report can have a major impact with the Markets, so be cautious!  Stocks are in Mixed Territory, as DOW is lone index...
06/09/2021
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