Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Pinnacle Home Loan - NMLS #275652/1820
RECENT BLOG POSTS
http://MikesDailyMarketReport.com: Housing Starts improved in October, rising from 1.266 million annualized units in September to 1.314 million in October. The Building Permits (a good forward view of Housing Starts) increased to a 12 year high, which it went from 1.391 million annualized units i...
11/19/2019
http://MikesDailyMarketReport.com: The Home Builders Index, which measures the confidence level of Home Builders, slid from 71 to 70 in November. Stocks are in Negative Territory, as pessimism grows on any US-China Trade Deal happening any time soon. MBS is currently Up 19bps and fighting to stay...
11/18/2019
http://MikesDailyMarketReport.com: Retail Sales Improved by 0.3% in October; and when you exclude Autos, then it only rose 0.1%. Import Prices rose 0.2% in October. Empire State Index, which measures the Manufacturing sector in NY region, dropped from 4.0 to 2.9 in November. Industrial Production...
11/15/2019
http://MikesDailyMarketReport.com: Weekly Jobless Claims rose to a 5 month high last week, as 225k people filed for Unemployment. The Producer Price Index, which measures inflation on the Wholesale sector, rose higher than expected in October by 0.4%, which forecasts called for 0.3%. However, it'...
11/14/2019
http://MikesDailyMarketReport.com: The Consumer Price Index rose 0.4% in October; and it's YoY rose from 1.7% to 1.8%. The Core CPI (excluding food and energy) rose only 0.2% in October; however, it YoY dropped from 2.4% to 2.3%. Stocks are Down this morning after being disappointed in President ...
11/13/2019
http://MikesDailyMarketReport.com: The NFIB Small Business Index, which is an index that measures the confidence level with Small Businesses, rose from 101.8 to 102.4 in October. Stocks are in Positive Territory, as they await a speech from President Trump today. It's anticipated that he'll speak...
11/12/2019
http://MikesDailyMarketReport.com: Consumer Sentiment rose slightly from 95.5 to 95.7, which was better than expectations of it dropping to 95.0. Wholesale Inventories dropped 0.4% in September. Stocks are in Mixed Territory today, as President Trump stated that he didn't authorize any roll-back ...
11/08/2019
http://MikesDailyMarketReport.com: The Weekly Jobless Claims came in lower this last week (from the previous of 219k) to 211k. Stocks are taking off a bit this morning on news out of China that the US and them have agreed to cancel tariffs in phases. There has not yet been any response from the U...
11/07/2019
http://MikesDailyMarketReport.com: Productivity slipped by 0.3% in Q3, as forecast called for an increase of 0.6%. Unit Labor Costs rose 3.6% in Q3, which was much higher than expectations of 2.5%. Stocks are in the Red this morning after reaching new highs again yesterday. They seem to be search...
11/06/2019
http://MikesDailyMarketReport.com: Today, we have 2 reports on the Services Industry. The Markit Services PMI showed a decline from 51.0 to 50.6 in October; whereas, the ISM Non Manufacturing Index rose from 52.6% to 54.7%. The ISM is considered the "Gold Standard" for Economists and Investors. S...
11/05/2019
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