Mike Bjork's (mbjork) Blog

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http://MikesDailyMarketReport.com: Markit Services PMI rose from 52.2 in November to 52.8 in December. Stocks started the Morning in the Red, as Investors continued their concerns over the Drone Strikes in Iraq last week; however, the sentiment softened, and Stocks closed in Positive Territory. M...
http://MikesDailyMarketReport.com: ISM Manufacturing Index disappointed, as it dropped in December (going from 48.1% in November to 47.2% in December). Analysts may begin to disregard this report in the near future, as Boeing intends to halt their 737 Max production in January. Production by Boei...
http://MikesDailyMarketReport.com: The Weekly Jobs reported that 222k people applied for first time unemployment benefits last week. The previous report was revised higher by 2k, to 224k. The Markit Manufacturing PMI released their final number for December, which came in at 52.4. This is higher ...
http://MikesDailyMarketReport.com: Happy New Years! Hope you all have a fun, safe New Years Eve tonite! We have a few data to report, which we'll begin with the Case Shiller HPI for October, which it rose from 3.2% to 3.3% YoY. This is considered the "Gold Standard" index for Home Prices. Consume...
http://MikesDailyMarketReport.com: Chicago PMI improved a little bit, as it went from 46.3 to 48.9 in December. However, this still in contraction levels. Pending Home Sales rose by 1.2% in November. Stocks are in the Red this morning, as Investors reassess their positions in the Market. As is th...
http://MikesDailyMarketReport.com: There's no data to report from the Calendar today. Stocks are trading on light levels and in Mixed Territory so far this morning. There was a report out of China that their November's Industrial Profits were Up and reversed several months of Negative Profits. We...
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped down to 222k last week. Still relatively quiet, in terms of news, so the Market is still monitoring the Phase One Agreement. Both sides are expressing that it's nearly done, it's a matter of translations and other fine details befo...
http://MikesDailyMarketReport.com: No economic data to report today. Markets will close early today for Christmas and return on Thursday, which we'll see the Weekly Jobless Claims. From now until the end of the year, we may see some swings in the Markets, as we deal with skeleton crews. Beijing r...
http://MikesDailyMarketReport.com: Durable Goods Orders dropped by 2% in November, which was heavily affected by lack of Airline and Defense Goods being purchased. When you remove autos, then it rose by 0.6%. New Home Sales were revised lower from 733k annualized units to 710k in October. In Nove...
http://MikesDailyMarketReport.com: The Q3 GDP remained unchanged for it's final revision at 2.1%. This indicates the economy is still growing at a modest pace, which is especially important due to the Trade negotiations with China during this period. Personal Income rose by 0.5% in November. Cons...

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