Mike Bjork's (mbjork) Blog

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RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  The Final Q3 GDP was revised higher to 2.3%, which is the final revision.  Consumer Confidence rose to 115.8 in December.  Lastly, Existing Home Sales rose 1.9% in November, which brought the number to 6.46 million seasonally adjusted units.  Stocks are Up toda...
12/22/2021
http://MikesDailyMarketReport.com:  There's no economic data to report today.  With the short-week, most of this week's data will be reported tomorrow.  The Markets are taking their cues from headline news and realizing that the concerns over the Omicron may have been a bit exaggerarated; so, inv...
12/21/2021
http://MikesDailyMarketReport.com:  Today, we have the Leading Economic Indicators Indexe for the month of November, which rose by 1.1% in November.  This idex gives us a good view of the upcoming economy over the next 6 months; however, it can change with the outstanding variables, like Inflatio...
12/20/2021
http://MikesDailyMarketReport.com:  There's nothing on the Economic Calendar today!  Next week will be a short week, due to Christmas!  Most of the important data next week will be on Wednesday!  Today, Stocks are Mixed; as DOW and S&P are Down on global Central Banks becoming a bit more hawkish....
12/17/2021
http://MikesDailyMarketReport.com:  There's a lot on the Economic Calendar today, so we'll start off with the Philly Fed Index, which measures the Business and Manufacturing sectors around the Philadelphia region.  It plummeted from 39.0 in November to 15.4 in December.  Anything above 0 is expan...
12/16/2021
http://MikesDailyMarketReport.com:  There are a few items on the Economic Calendar, which we'll start with this week's most important: Retail Sales for November, which only came in 0.3% MoM.  Very dismal, considering it's the Holiday Season!  The Empire State Index, which measures manufacturing a...
12/15/2021
http://MikesDailyMarketReport.com:  Inflation for the Wholesale sector spiked in November, as the PPI rose 0.8%.  It's Core PPI (excludes food & energy) rose 0.7%; and it's YoY rose from 7.0% in October to 7.7% in November.  Highest in Decades!!!  Today starts the first of 2 days for the FOMC, wh...
12/14/2021
http://MikesDailyMarketReport.com:  There's no economic data to report today.  The rest of the week will be full, but the most important one will be Retail Sales, which will be released on Wednesday.  Tomorrow will start off the 2 day FOMC, which will give their announcement on Wednesday.  Curren...
12/13/2021
http://MikesDailyMarketReport.com:  The CPI rose 0.8% in December (slightly higher than it's forecast of 0.7%) and brought it's YoY from 6.2% to 6.8%.  The Core CPI (excludes food and energy) rose 0.5%  and it's YoY went from 4.6% to 4.9%.  Lastly, the Consumer Sentiment rose from 67.4 to 70.4 in...
12/10/2021
http://MikesDailyMarketReport.com:  The Initial Jobless Claims came at 184k last week, which is a new Pandemic low (and lowest since 1968); however, a word of caution, as like every Holiday season, there are lots of Temporary jobs that are created until end of the year.  This temporary position c...
12/09/2021
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