Mike Bjork's (mbjork) Blog

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Mortgage and Lending - SunWest Mortgage - NMLS #275652/1820
RECENT BLOG POSTS
http://MikesDailyMarketReport.com: Housing Starts dropped a bit in February, going from 1.624 million annualized units in January to 1.599 million. Also, Building Permits, which is our outlook for Housing Starts, dropped in February, going from 1.550 million in January to 1.464 million. Stocks ar...
03/18/2020
http://MikesDailyMarketReport.com: Happy St. Patrick's Day! Today, we have Retail Sales, which dropped 0.5% in February; and when you remove Autos, then it dropped 0.4%. However, Industrial Production rose 0.6% in February. Capacity Utilization rose from 76.8% to 77.0% in February. Home Builders ...
03/17/2020
http://MikesDailyMarketReport.com: The manufacturing sector in the NY region dropped dramatically, as the Empire State Index dropped 21.5% in March, which may be signs that the coronavirus is beginning to make it's way into the US economy. Stocks are WAY Down today, even having another 15 minute ...
03/16/2020
http://MikesDailyMarketReport.com: The Import Price Index dropped 0.5% in February. The Consumer Sentiment remained Unchanged at 101 in March. Stocks are working their way back into Positive Territory after it's worst day on the Market since 1987. The DOW was up nearly 1000 points, but is current...
03/13/2020
http://MikesDailyMarketReport.com: The Initial Jobless Claims report dropped by 4k, from previous week, to 211k people applying for unemployent benefits for the first time. The Producer Price Index, which measures inflation with the Wholesale sector, dropped 0.6% in February, which it's YoY dropp...
03/12/2020
http://MikesDailyMarketReport.com: The Consumer Price Index rose 0.1% in February, however, it's YoY dropped from 2.5% to 2.3%. It's Core, excluding food and energy, rose 0.2%; and it's YoY rose from 2.3% to 2.4%. Based on how the economy is beginning to shape up, inflation will drop, so this wil...
03/11/2020
http://MikesDailyMarketReport.com: The NFIB Small Business Index, which measures the confidence level with Small Businesses, rose from 104.3 to 104.5 in February. This, like many other data that will be reported can almost be disregarded, as we've entered a new catalyst to our economy, which this...
03/10/2020
http://MikesDailyMarketReport.com: There are no economic reports today. Stocks have completely nosedived this morning, even hitting a 15 minute halt in trading due to the drop of 7% in the DOW. It was down over 2k this morning, and is currently down about 1500 currently. This is on more news of t...
03/09/2020
http://MikesDailyMarketReport.com: The Nonfarm Payrolls Report released a much hotter number than expected (165k) to 273k in February; also the previous 2 months were revised higher by 85k. The Unemployment Rate dropped from 3.6% to 3.5%. Average Hourly Earnings rose by 0.3% MoM; however, it's Yo...
03/06/2020
http://MikesDailyMarketReport.com: The Weekly Jobless Claims dropped to 216k, which was lower by 3k from previous week's number. The final Productivity number for Q4 came in at 1.2%, which was less by 0.2% in it's initial reading; whereas, Unit Labor Costs (for Q4) came in at 0.9%, which it's ini...
03/05/2020
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