Mike Bjork's (mbjork) Blog

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http://MikesDailyMarketReport.com: We don't have any data to report from the Economic Calendar today. Stocks are Up again today and approaching new highs again. Tensions between US and China appear to be easing, as they're currently meeting to prepare for the bigger meeting in October. A few memb...
http://MikesDailyMarketReport.com: Weekly Jobless Claims beat forecasts and rose only 2k, to 208k. The Philly Fed dropped from 16.8 to 12.0 in Sept., but still beat it's projection at 10.0. This measures the manufacturing in the Philadelphia region. Existing Home Sales rose in August from 5.42 mi...
http://MikesDailyMarketReport.com: Both Housing Starts and Permits had a very nice spike in August, which coincides with yesterday's NAHB Home Builder Index. Housing Starts jumped Up from 1.215 million annualized units to 1.364 million. Permits leaped from 1.317 million annualized units to 1.419 ...
 http://MikesDailyMarketReport.com: Industrial Production rose 0.6% in August; and Capacity Utilization rose from 77.5% to 77.9%. Last, but not least, the Home Builder's Index rose from 66 to 68 in September. This index measures the confidence level of Home Builders. The Sentiment from the Attack...
http://MikesDailyMarketReport.com: The Empire State Index, which measures Manufacturing data in the NY region, dropped from 4.8 in August to 2.0 in September. Manufacturing has been suffering a bit of late, and it's something that we're watching, as more and more talk about recession becomes more...
http://MikesDailyMarketReport.com: Retail Sales jumped Up 0.4% in August; however, if you remove Autos from that data, then it was completely flat. Consumer Sentiment Index shows that Consumers are feeling better in September, as it rises from 89.8 to 92.0. Also, Business Inventories rose 0.4% in...
http://MikesDailyMarketReport.com: Weekly Jobless Claims came in strong last week, which only 204k people applied for first time benefits. The Consumer Price Index (CPI) rose only 0.1% in August, which it's YoY dropped from 1.8% to 1.7%. However, it's Core CPI rose 0.3% in August, and it's YoY ro...
http://MikesDailyMarketReport.com: Producer Price Index, which gauges inflation with Wholesalers, rose 0.1% in August, and it's YoY rose from 1.7% to 1.8%. When you strip out Food and Energy, then you have the PPI, which rose 0.3% in August, and it's YoY rose from 2.1% to 2.3%. Wholesale Inventor...
http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped a little bit in August, going from 104.7 to 103.1. This is the lowest level since March, which is when things between US and China got a little bit chippy. It got a little chippy last month too, which may be the reason for t...
http://MikesDailyMarketReport.com: Quiet day on the Economic Calendar, and for the most part on the News day too. Investors will be looking ahead to the ECB announcment later this week, and the FOMC next week, as the Fed Officials go into a Quiet Period before the FOMC. It is expected that the EC...

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