Mike Bjork's (mbjork) Blog

By
Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  The IHS Markit PMI released their October Manufacturing and Services data today.  The Manufacturing dipped a little bit to 59.2; while the Services rose to 58.2.  Any number above 50 for these indices indicates expansion/optimism.  Stocks are Down today, after ...
10/22/2021
http://MikesDailyMarketReport.com:  The Philly Fed Index dropped from 30.7 in Sept to 23.8 in October.  This index measures the business activity in the Philadelphia area.  Jobless Claims continued to decline, as they report only 290k applied for first time benefits last week. Remember those whom...
10/21/2021
http://MikesDailyMarketReport.com:  Nothing on the Economic Calendar today, but the Fed Beige Book was released earlier today, which stated the following:*economy is growing at modest to moderate pace*low supply of workers across the country*it's being reported there is significantly elevated pri...
10/20/2021
http://MikesDailyMarketReport.com:  Housing Starts dropped 1.6% in September, as they reported only 1.555 million seasonally adjusted units were started.  If you look within the numbers, then most of the numbers were due to a drop with multifamily units (whereas, single family homes were within e...
10/19/2021
http://MikesDailyMarketReport.com:  Industrial Production continued to drop in September, as it was reported a 1.3% drop; meanwhile, it's August report was revised from an increase of 0.4% to a drop of 0.1%.  Investors received a pleasant surprise, as the NHIB Home Builders Index rose 4 points to...
10/18/2021
http://MikesDailyMarketReport.com:  Retail Sales came in strong for September for the 2nd consecutive month, as it reported a 0.7% increase (higher than the -0.2% forecasts); and even when you exclude Autos, it was strong (0.8%)!  Stocks are really liking this release, along with continued positi...
10/15/2021
http://MikesDailyMarketReport.com:  The Initial Jobless Claims came in at 293k last week, as this is the first time since Pandemic that we saw this data in the 200k+ range.  This is helping the Markets.  Lastly, the Producer Price Index (PPI) rose 0.5% in September, while it's Core PPI (excluding...
10/14/2021
http://MikesDailyMarketReport.com:  The CPI rose 0.4% in September, while it's YoY rose to 5.4% (from 5.3% in August).  However, if you exclude food and energy, then you will see the Core CPI rose only 0.2% in September, while it's YoY remained unchanged at 4.0%.  Obviously, we see it at the gas ...
10/13/2021
http://MikesDailyMarketReport.com:  No Economic Data to report today.  We have some Treasury auctions, which the 10yr performed well, as I was providing the video presentation; so, we may see some improvement soon.  This week holds inflation data, which the CPI is released tomorrow and the PPI is...
10/12/2021
http://MikesDailyMarketReport.com:  Today is the big jobs data from the Bureau of Labor Statistics (BLS).  The average earnings rose 0.6% in September, which average work week rose to 34.8 hrs/week.  However, the Non-Farm Payrolls disappointed again, as only 194k.  There was an expectation of app...
10/08/2021
Rainmaker
953,832

MikeBjork

local_phone(310) 694-3544
Contact The Author