Mike Bjork's (mbjork) Blog

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RECENT BLOG POSTS
http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped from 105.0 in May to 103.3 in June. This index is a gauge with the Small Business sector's confidence. Job Openings shrunk from 7.4 million in April to 7.3 million in May. Stocks are trading in Mixed Territory, as NASDAQ rem...
07/09/2019
http://MikesDailyMarketReport.com: There's no economic news scheduled on the Calendar today. Stocks are trading in the Red this morning, as Investors are repositioning their thoughts on the upcoming FOMC at the end of the month. The Jobs data on Friday were better than expected, which thwarted an...
07/08/2019
http://MikesDailyMarketReport.com: The BLS released their Jobs report for June, which came in higher than the expected 170k. The number came in at 224k new Jobs. However, the Unemployment Rate ticked Up from 3.6% to 3.7%. This was done, as a result of 335k new people came to the Labor Force. Also...
07/05/2019
http://MikesDailyMarketReport.com: ADP had a revision for it's May's numbers, which was revised higher from it's initial of 27k to 41k. It's numbers rose in June, from 41k to 102k; but below it's estimations, which were closer to the 160-180k range. Initial Jobless Claims, also, had a revision fr...
07/03/2019
http://MikesDailyMarketReport.com: Nothing on the Economic Calendar today. Stocks are in Negative Territory this morning, after yesterday's rally on the euphoria on the agreement between US and China to go back to the table for their Trade Talk. Now Wallstreet is waiting on Job Numbers that will ...
07/02/2019
http://MikesDailyMarketReport.com: Markit Manufacturing PMI rose from 50.1 in May to 50.7 in June. ISM Manufacturing Index dropped from 52.1% in May to 51.7% in June. Globally, many countries (like China, Japan and Germany) are contracting in Manufacturing. Constructions Spending dropped 0.8% in ...
07/01/2019
http://MikesDailyMarketReport.com: A lot on the Economic Calendar today! Starting off with the Personal Income for the month of May, which was up 0.5%; whereas, Consumer Spending was up 0.4% in May. Personal Consumption Expenditure was Up 0.2%, as was the Core PCE (also called Core Inflation) Up ...
06/28/2019
http://MikesDailyMarketReport.com: Initial Jobless Claims rose to 227k this week, along with a revision of 1k to last week's numbers from 216k to 217k. The Final Revision for the Q1 GDP remained at 3.1%. It will be interesting to see what Q2 provides. Q1 was a lot of build up of Inventories durin...
06/27/2019
http://MikesDailyMarketReport.com: Durable Goods Orders are still dragging, as Boeing's (737 Max) woes continue to bring down those numbers. April's numbers were revised lower, as the revision led from -2.1% to -2.8%; and it declined 1.3% in May. However, if you remove Transportation, then it imp...
06/26/2019
http://MikesDailyMarketReport.com: A few items on the Economic Calendar to report this morning. First up is the Case Shiller HPI for April. Home Prices dropped from 3.7% YoY to 3.5% YoY. Consumer Confidence Index dropped from 131.3 in May to 121.5 in June. Much bigger than our forecast of 130.4. ...
06/25/2019
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