ARCHIVED BLOG POSTS
2020
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http://MikesDailyMarketReport.com: The lockdown didn't stop home values from rising, according to Case Shiller, as it's Home Price Index indicated that home values rose from 4.6% YoY in March to 4.7% in April. However, news weren't so great in Chicago, as manufacturing is still a concern. The Chi...
06/30/2020
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http://MikesDailyMarketReport.com: After dropping 21.8% in April, Pending Home Sales rebounded in a big way in May, as it jumped up 44.3% in May. Stocks were a bit mixed this morning, as the NASDAQ was the only index in the Red this morning, but not by much. Coronavirus remain in the spotlight, a...
06/29/2020
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http://MikesDailyMarketReport.com: Personal Income dropped by 4.2% in May; whereas, its counter-part, Consumer Spending rose 8.2% in May. Both the PCE and Core PCE rose by 0.1% in May. The PCE's YoY dropped from 0.6% in April to 0.5% in May; whereas, the Core PCE remained Unchanged at 1% in May. ...
06/26/2020
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http://MikesDailyMarketReport.com: Initial Jobless Claims continue their trend downward, but not quite at the pace everybody wishes, as they to from 1.51 million people applying for first time benefits in last week's report to 1.48 million in today's report. Durable Goods Orders rebounded in May,...
06/25/2020
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http://MikesDailyMarketReport.com: The FHFA Home Price Index pulled back in April, as it went from 5.9% YoY appreciation in March to 5.5% YoY in April. This will most likely begin to rise again, as the economy begins to reopen. Stocks are Down this morning over concerns of a possible 2nd Wave of ...
06/24/2020
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http://MikesDailyMarketReport.com: We had some some improvement in both Manufacturing and Services sectors in the month of June, as the Markit PMI indicated with their indexes. The Markit Manufacturing PMI rose from 39.8 in May to 49.6 in June; and the Markit Services PMI rose from 37.5 in May to...
06/23/2020
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http://MikesDailyMarketReport.com: Existing Home Sales dropped from 4.33 million annualized units to 3.91 million units in May. The forecast had it at 3.80 million. NAR stated that they feel this was the bottom, as they faced lockdowns from the pandemic, and lower inventory levels. Stocks are hig...
06/22/2020
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http://MikesDailyMarketReport.com: Sorry for the audio in today's recording. I am currently experiencing technical issues with my video program, so I utilized the video recording embedded in PowerPoint. I hope to have this rectified for Monday's video. Back to the video: There are no data to repo...
06/19/2020
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http://MikesDailyMarketReport.com: Initial Jobless Claims was a bit disappointing today, as last week's report was revised slightly higher to 1.57 million people apply for first time benefits, as it dipped to 1.51 million in this week's report. It was widely expected to see it drop to 1.31 millio...
06/18/2020
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http://MikesDailyMarketReport.com: Housing Starts had a slight uptick in May (from 934k to 974k), but didn't meet forecasts of 1.13 million annualized units. However, Building Permits was a bit better in May, as it improved from 1.07 million to 1.22 million (nearly meeting it's forecasts of 1.25 ...
06/17/2020
