Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652

ARCHIVED BLOG POSTS

2020 

http://MikesDailyMarketReport.com: The Employment Cost Index rose 0.7% in the 4th Qtr. Personal Income rose only 0.2% in December (below it's forecast of 0.3%); and it's counter-part, Consumer Spending came in at forecast up 0.3%. The Fed's favorite gauge for inflation is the Personal Consumption...
01/31/2020
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from the revised (+12k) previous week of 223k to 216k last week. The revision is important because it happened on the data for the "sample" week, which will be used as part of the calculation for the Jobs numbers by the Bureau of La...
01/30/2020
http://MikesDailyMarketReport.com: Pending Home Sales dropped 4.9% in December. If you look into the numbers, then you'll know it's due to the low inventory levels. There's still a lot of demand! The Fed will be giving their announcement later today. No rate changes are expected. The one topic th...
01/29/2020
http://MikesDailyMarketReport.com: Durable Goods Orders rose 2.4% in December, but if you remove Transportation from those numbers, then it dropped 0.1%. The Defense made large purchases at the end of the year, which skewed the numbers abit, as business investments declined. However, we have a fe...
01/28/2020
http://MikesDailyMarketReport.com: New Homes Sales dropped in December to 694k, off from it's seasonally adjusted 697k in November. Stocks are freefalling this morning over growing concerns of the coronavirus. MBS is the benefactor, as it broke above it's ceiling on Friday, and is currently Up 11...
01/27/2020
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
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Mike Bjork

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