Mike Bjork's (mbjork) Blog

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http://MikesDailyMarketReport.com: Retail Sales Improved by 0.3% in October; and when you exclude Autos, then it only rose 0.1%. Import Prices rose 0.2% in October. Empire State Index, which measures the Manufacturing sector in NY region, dropped from 4.0 to 2.9 in November. Industrial Production...
http://MikesDailyMarketReport.com: Weekly Jobless Claims rose to a 5 month high last week, as 225k people filed for Unemployment. The Producer Price Index, which measures inflation on the Wholesale sector, rose higher than expected in October by 0.4%, which forecasts called for 0.3%. However, it'...
http://MikesDailyMarketReport.com: The Consumer Price Index rose 0.4% in October; and it's YoY rose from 1.7% to 1.8%. The Core CPI (excluding food and energy) rose only 0.2% in October; however, it YoY dropped from 2.4% to 2.3%. Stocks are Down this morning after being disappointed in President ...
http://MikesDailyMarketReport.com: The NFIB Small Business Index, which is an index that measures the confidence level with Small Businesses, rose from 101.8 to 102.4 in October. Stocks are in Positive Territory, as they await a speech from President Trump today. It's anticipated that he'll speak...
http://MikesDailyMarketReport.com: Consumer Sentiment rose slightly from 95.5 to 95.7, which was better than expectations of it dropping to 95.0. Wholesale Inventories dropped 0.4% in September. Stocks are in Mixed Territory today, as President Trump stated that he didn't authorize any roll-back ...
http://MikesDailyMarketReport.com: The Weekly Jobless Claims came in lower this last week (from the previous of 219k) to 211k. Stocks are taking off a bit this morning on news out of China that the US and them have agreed to cancel tariffs in phases. There has not yet been any response from the U...
http://MikesDailyMarketReport.com: Productivity slipped by 0.3% in Q3, as forecast called for an increase of 0.6%. Unit Labor Costs rose 3.6% in Q3, which was much higher than expectations of 2.5%. Stocks are in the Red this morning after reaching new highs again yesterday. They seem to be search...
http://MikesDailyMarketReport.com: Today, we have 2 reports on the Services Industry. The Markit Services PMI showed a decline from 51.0 to 50.6 in October; whereas, the ISM Non Manufacturing Index rose from 52.6% to 54.7%. The ISM is considered the "Gold Standard" for Economists and Investors. S...
http://MikesDailyMarketReport.com: Factory Orders dropped 0.6% in September, which is the only report on the Calendar today. Tomorrow will give us some insight into the Services Industry with the ISM Services Index. Stocks are Up this morning on progress being made with China, which Phase 1 is be...
http://MikesDailyMarketReport.com: The BLS released their Jobs data, which we'll start with the Non-Farm Payrolls for October. We saw 128k new jobs with expectations set at 75k. On top of that, the previous 2 months were revised higher by another 95k. The Unemployment Rate ticked up slightly from...

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