Mike Bjork's (mbjork) Blog

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http://MikesDailyMarketReport.com: There is no economic data to report today, which will be a relatively light week for it. We'll receive data on the Existing Home Sales tomorrow. Stocks are in Mixed territory, as the DOW has been bouncing between Positive and Negative Territory this morning. The...
http://MikesDailyMarketReport.com: Leading Economic Indicators continue to decline, which it's MoM into September dropped 0.1%. Stocks are trading in Negative Territory this morning on bad economic news out of China, which shows their Economy slowing more rapidly than anticipated. Q3 Corporate Ea...
http://MikesDailyMarketReport.com: The Weekly Jobless Claims rose a little bit to 214k, which this week's data is important, as it's being used by the Bureau of Labor Statistics (BLS) as part of it's Job Numbers. The numbers for both Housing Starts and Building Permits look on the surface a bit d...
http://MikesDailyMarketReport.com: September was not kind to Retail Sales, as they report a contraction of 0.3% in September; and when you exclude big ticket items, like Autos, then they dropped 0.1%. This report increased the likelyhood of the Fed cutting rates at it's next FOMC from 78% to 90% ...
http://MikesDailyMarketReport.com: Manufacturing improved a bit in the NY region in September, as the Empire State Index rose from 2.0 in August to 4.0. Stocks are trading in Positive Territory, as we begin the Q3 Corporate Earnings Reports. Today, we're seeing the Financial Sector, which seems t...
http://MikesDailyMarketReport.com: Consumer Sentiment improved in October rising from 93.2 to 96.0. Stocks are getting a huge lift this morning on optimism for a US and China Trade Deal, as President Trump tweeted that it's going very well and he's meeting the Vice Premier today. Also, there is s...
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from last week's 220k number to 210k, which is a good sign for Jobs. Also, on the agenda is Consumer Inflation by the way of Consumer Price Index, which remained Unchanged from the previous month (MoM); and it's YoY remained at 1.7%...
http://MikesDailyMarketReport.com: It's a pretty slow day today, as we only have the FOMC Minutes being released later this morning (around 11am PST). Stocks are rebounding this morning on new optimism between US and China Trade negotiations. Reports are coming out that we may have a limited deal...
http://MikesDailyMarketReport.com: The NFIB Small Business Index, which gauges the confidence with Small Businesses, dropped from 103.1 to 101.8. The Producer Price Index, which measures inflation with the Wholesale Sector, dropped 0.3% MoM, which it's YoY dropped from 1.8% to 1.4%. The Core PPI,...
http://MikesDailyMarketReport.com: There are no economic data to report today. The Stock Market is Down this morning on the disappointing data from last week and not feeling too optimistic ahead of this week's China/US trade negotiations, as reports are coming out that China is looking for a limi...

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