Mike Bjork's (mbjork) Blog

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Mortgage and Lending - SunWest Mortgage - NMLS #275652/1820
RECENT BLOG POSTS
http://MikesDailyMarketReport.com: The initial Jobless Claims for last week were a little higher than forecasts, but still lower than previous report, and came in at 2.98 million people applying for unemployment benefits for first time. This trend is lowering, but it's still disturbing to see so ...
05/14/2020
http://MikesDailyMarketReport.com: The Producer Price Index, which is inflationary data on the Wholesale Sector, dropped 1.3% in April, as it's YoY dropped from 0.7% in March to -1.2% in April. It's Core PPI (excluding food and energy) dropped 0.3%; and it's YoY went from 1.4% in March to 0.6% in...
05/13/2020
http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped from 96.4 in March to 90.9, which many thought it would dive down into the 80s. This report represents the confidence in Small Businesses. The Consumer Price Index dropped 0.8% in April and it's YoY dropped from 1.5% to 0.3%...
05/12/2020
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are trading in Mixed Territory this morning. NASDAQ is the only index in positive territory. There are some reports out that there may be some increased levels of coronavirus around the different parts of the wo...
05/11/2020
http://MikesDailyMarketReport.com: The BLS released their Jobs data today, so we'll start with the Non-Farm Payrolls, which lost 20.5 million jobs in April while the Unemployment Rate soared to 14.7%. This is the 2nd Highest Unemployment Rate now on record. Also, it was just a matter of 2 months ...
05/08/2020
http://MikesDailyMarketReport.com: Initial Jobless Claims are still reporting high volumes of claims, but it has been trending lower each week, as it report 3.85 million for last week's report to 3.17 million today. Productivity dropped 2.5% for Q1, however, it exceeded it's forecasts of -5.5%. U...
05/07/2020
http://MikesDailyMarketReport.com: The ADP Employment Report had revised it's March numbers from -26k to -149k; while April shows a drop of 20.2 million. Definitely shows a bleak week for Jobs data this week, as this is the first of 3 Jobs data we'll see this week. Stocks were in Negative Territo...
05/06/2020
http://MikesDailyMarketReport.com: The only data being reported today is on the Services Industry. The Markit Service PMI dropped down to 26.7 in April; while ISM Non-Manufacturing Index dropped down to 41.8%. Anything below 50 on either index is considered in Contraction/Negative Territory. Stoc...
05/05/2020
http://MikesDailyMarketReport.com: Factory Orders dropped by 10.3% in March. Stocks are mostly down, but Mixed presently, as NASDAQ is the only index to jump into positive territory. Investors are reviewing the Presidents and other Officials comments about US and China's relationship, which seems...
05/04/2020
http://MikesDailyMarketReport.com: The Markit Manufacturing PMI dropped down to 36.1 for April; while the ISM Manufacturing Index dropped to 41.5. Construction Spending rose by 0.9% in March. Stocks are Down on Corporate Earnings release and outlooks, including 2 Big Tech Companies (Apple and Ama...
05/01/2020
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