Mike Bjork's (mbjork) Blog

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RECENT BLOG POSTS
http://MikesDailyMarketReport.com: The BLS' Non-Farm Payroll produced 136k jobs for September, which is down from 168k in August, and below it's forecast of 150k. However, there was an upward revision of 45k jobs for the previous 2 months, which brought the 3 month average of 157k jobs. This help...
10/04/2019
http://MikesDailyMarketReport.com: Initial Weekly Jobless Claims rose from 215k (which was revised higher from 213k) to 219k. Tomorrow will the the BLS' September Jobs Report, which will have an Impact on the Market. To continue with the Economic Calendar, the next 2 reports are on the Services I...
10/03/2019
http://MikesDailyMarketReport.com: The ADP Employment Report only reminded investors on a contracting economy that we're now facing. It's August numbers were revised lower by 38k, which went from 195k to 157k. In September, it came in lower than expectations at 135k. Most were expecting around 15...
10/02/2019
http://MikesDailyMarketReport.com: Markit Manufacturing PMI rose just a tad in September, which it moved from 51.0 to 51.1. However, the more important index, ISM Manufacturing Index went further into contraction mode in September, as it dropped from 49.1% to 47.8%. This news further induced more...
10/01/2019
http://MikesDailyMarketReport.com: Manufacturing in the Chicago region contracted, per the Chicago PMI, in September. It dropped from 50.4 to 47.1. Stocks are trading in Positive Territory this morning, as an announcement by the Treasury eased concerns, that were raised by a report on Bloomberg, ...
09/30/2019
http://MikesDailyMarketReport.com: A lot of data on the Economic Calendar today, so we'll start with the Durable Goods Orders for August, which rose 0.2% (higher than forecast of -0.7%); and if you remove Transportation, then it rose 0.5%. Personal Income rose 0.4% in August, while Consumer Spend...
09/27/2019
http://MikesDailyMarketReport.com: Initial Jobless Claims rose 3k from last week's report to 213k. However, last week's report was revised higher by 2k (from 208k to 210k). Last week's report is important because it will be used as part of the BLS' Jobs report due October 4th. This low number sho...
09/26/2019
http://MikesDailyMarketReport.com: New Home Sales jumped up from 666k in July to 713k in August. Stocks are in Mixed Territory, as Congress has announced an Inquiry into an Impeachment process. This gave rise to Yields, thus affecting Bonds, which we'll see in a little bit. Aso, Investors are sti...
09/25/2019
http://MikesDailyMarketReport.com: The Case Shiller Home Price Index remained Unchanged at 3.2% in July, as June's data was revised a little higher. Consumer Confidence dropped a bit in September, from 134.2 to 125.1, due to the tensions that erupted between the US and China Trade Negotiations. S...
09/24/2019
http://MikesDailyMarketReport.com: Today, we have data from Markit PMI flash for the month of September. The manufaturing data rose to 51.0; while the services data rose to 50.9. However, the Eurozone reported some pretty ugly numbers in manufacturing, which is partly why Stocks are currently in ...
09/23/2019
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