Mike Bjork's (mbjork) Blog

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RECENT BLOG POSTS
http://MikesDailyMarketReport.com: The Weekly Jobless Claims came in at 203k (a 7 month low) for last week. Of course, last week was a holiday shortened week for Thanksgiving, so take it with a grain of salt. Factory Orders rose by 0.3% in October (exceeding the 0.2% forecasts). Stocks started th...
12/05/2019
http://MikesDailyMarketReport.com: The ADP Employment Report disappointed today, as it reported only 67k new jobs for November and a revised lowered number (by 4k) in October's numbers. The Markit Services PMI remained Unchanged at 51.6 in November; while, the ISM Non-Manufacturing Index dropped ...
12/04/2019
http://MikesDailyMarketReport.com: We don't have any data from the Economic Calendar today; however, tomorrow will kick off with the first of 3 Jobs data to be released this week with the ADP Report. Stocks are heavily in the Red today, as comments by President Trump regarding a Chinese Trade Agr...
12/03/2019
http://MikesDailyMarketReport.com: We have 2 manufacturing indexes to report today. The first is the Markit Manufacturing PMI slightly rose from 52.2 to 52.6 in November; however, the ISM Manufacturing Index (the "gold" standard and carries more weight) dropped from 48.3% to 48.1%. Anything below...
12/02/2019
http://MikesDailyMarketReport.com: Weekly Jobless Claims scaled back from the previous reporting to 213k people applying for first time benefits. The GDP's 2nd revision for the Q3 came in a little higher, from 1.9% to 2.1%. We'll see the final revision next month! Durable Goods Orders (including ...
11/27/2019
http://MikesDailyMarketReport.com: The Case Shiller HPI rose in September from 3.1% to 3.2%. Consumer Confidence slightly slipped from 125.9 to 125.5 in November. Forecasts were calling for an increase to 128.2. New Home Sales had a large revisions to it's September numbers, going from 701k to 73...
11/26/2019
http://MikesDailyMarketReport.com: There are no economic data for the Calendar today, but there will be bunch of important data crammed into the next 2 days. This week will be a holiday shortened week, which our last report for this week will be Wednesday. Stocks are Up this morning on optimism o...
11/25/2019
http://MikesDailyMarketReport.com: Consumer Sentiment grew to 96.8 (from 95.7) in November. Also, Markit Manufacturing PMI flash rose from 51.3 to 52.2 in November. The other Markit report is on the Services Industry, which is the Markit Non-Manufacturing PMI flash, which rose from 50.9 tp 51.6. ...
11/22/2019
http://MikesDailyMarketReport.com: Weekly Jobless Claims were a little higher this week than expectations with 227k applying for first time benefits. The Philly Fed Index rose from 5.6 to 10.4 in November. This index measures the manufacturing in the Philadelphia region. Existing Home Sales impro...
11/21/2019
http://MikesDailyMarketReport.com: Today's rather quiet, in terms of reports being released. Only the FOMC Minutes will be released later this morning. It may not have as much impact on the Market today, as Fed Chair Powell spoke before Congress last week. Meanwhile, Stocks are trading in Mixed T...
11/20/2019
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