Mike Bjork's (mbjork) Blog

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http://MikesDailyMarketReport.com: Factory Orders dropped 0.6% in September, which is the only report on the Calendar today. Tomorrow will give us some insight into the Services Industry with the ISM Services Index. Stocks are Up this morning on progress being made with China, which Phase 1 is be...
http://MikesDailyMarketReport.com: The BLS released their Jobs data, which we'll start with the Non-Farm Payrolls for October. We saw 128k new jobs with expectations set at 75k. On top of that, the previous 2 months were revised higher by another 95k. The Unemployment Rate ticked up slightly from...
http://MikesDailyMarketReport.com: Happy Halloween! The Weekly Jobless Claims rose to 218k last week; and the previous week's data was revised higher by 1k (to 213k). The Employment Cost Index (ECI) rose 0.7% in Q3. This index can be a good indicator of inflation in the employment category. Lucki...
http://MikesDailyMarketReport.com: The ADP Employment reported 125k new jobs for October, which is up from 93k in September; however, September was revised lower by 42k from it's initial report. The Q3 GDP dropped slightly from it's annual pace of 2.0% to 1.9%, which is better than expectations o...
http://MikesDailyMarketReport.com: The Case Shiller HPI improved from 3.1% YoY in July to 3.2% YoY in August. This is a direct correlation, as to when interest rates began to dip, which helped Housing Prices. The Consumer Confidence Index dropped a little, from 126.3 to 125.9 in October. Pending ...
http://MikesDailyMarketReport.com: There are no economic data to report from the Calendar today. Stocks are Up this morning on more positive Q3 Corporate Earnings Reports. It's been reported that the US and China are nearing completion some sections of an Agreement. Also, the UK received their ex...
http://MikesDailyMarketReport.com: Consumer Sentiment dropped a little in October, from 96.0 to 95.5. Stocks are Up this morning. Still taking it's lead from Q3 Earnings Reports. In general of those that have reported, about 75% to 80% have hit or exceeded expectations. EU is still working on a p...
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from 218k (was revised higher by 4k) to 212k. Durable Goods Orders dropped by 1.1% in September and dropped by 0.3% when you exclude Transportation. New Home Sales dropped from 706k (was revised lower from 712k, which was a 12 year ...
http://MikesDailyMarketReport.com: The FHFA Home Price Index rose only 0.2% MoM in August, which it's YoY dropped from 5.0% to 4.6%. This index factors homes with conforming loan limits. Stocks started the early trading in the Red, but the DOW has since broke into Positive Territory. There were a...
http://MikesDailyMarketReport.com: Existing Home Sales dropped a bit in September, going from 5.49 million annualized units to 5.38 million in September. We will receive the New Home Sales on Thursday. Investors will be primarily watching the Q3 Corporate Earnings Reports, which have (for the mos...

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