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By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com:  We don't have any economic data to report today; however, there will be a 10 year Treasury Auction, which can impact the Markets especially; as Yields have been rising dramatically since last week amidst the big Selloff with no end yet in sight!  Stocks are Dow...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: Today, we receive the data from the Bureau of Labor Statistics (BLS) regarding Jobs data.  We'll start off with the Average Earnings, which rose 0.8% in December.  The Non-Farm Payrolls had a revision in November from 245k (initial report) higher to 336k; howeve...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The Initial Jobless Claims technically dropped by 3k to 787k people applying for Unemployment because last week's report was revised higher by the same amount.  Also, we're still seeing a positive trend that Continuing Claims is declining each week.  The ISM Non...

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: The ADP reported a decline of 123k jobs in the Private Sector for the month of December.  This is the first decline since the lockdowns began in March.  However, Factory Orders rose by 1.0% in November.  Stocks are Up this morning on news that there may be a Blu...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The ISM Manufacturing PMI rose to 60.7 in December (beating forecasts).  Stocks are Up this morning, as Investors watch the Georgia runoff today; and determine which Political Party will control the Senate.  This is having the most impact with the Markets today....

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: Construction Spending is the only economic data released this morning, which was slightly lower than forecasts at 0.9% for November.  We'll see jobs data this week.  Stocks are Down this morning, as we begin the first trading day of the year.  Investors are watc...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped this week to 787k from last week's revised report of 806k.  We're also seeing Continuing Claims continue to decline, which is good news!  Stocks are facing razor thin trading today, as Markets will close early today for New Year's ...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: Manufacturing in the Chicago region improved in December, as the Chicago PMI rose from 58.2 November to 59.5 in December.  Pending Home Sales continued it's decline into November, as it dipped another 2.6%.  Stocks are trading in Positive Territory this morning....

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: The Case Shiller HPI showed a spike in Home Appreciation in October, when it jumped Up from 6.6% YoY appreciation to 7.9%.  Stocks are in Mixed Territory, as trading continues to be light during the Holidays.  The House brought up a measure to increase the Stimu...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: There's no economic data to report today and this will be another light week in terms of Market Trading, as we continue thru the holidays.  Stocks are Up this morning on President Trump's reversal on his stance of vetoing the Stimulus Bills, which contain a lot ...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The Core PCE, which is Real Inflation and used by the Fed, remained Unchanged on it's YoY data at 1.4%.  The Initial Jobless Claims revised last week's report from 885k to 892k; however, this weeks report showed it declined to 803k.  Durable Goods Orders revised...

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com:  The Final Q3 GDP rose slightly from it's initial reading from 33.1% to 33.4%.  Consumer Confidence digressed a bit in December, as the index dropped from 92.9 (revised lower from 96.1) in November to 88.6.  Existing Home Sales dropped from 6.86 million annualiz...

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: There are no economic data to report from the calendar today.  Stocks are taking their queue from headlines news; and are currently in the Red, as Investors begin concern over a possible new variant of the coronavirus, which is being labeled as more contagious. ...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The Leading Economic Indicators Index rose 0.6% in November.  Stocks are facing a lot of volatility today, as they face a Quadruple-Witching.  Also, Congress is still working toward a Stimulus Package, along with a Government Spending Bill, in order to avoid a G...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com:  Housing Starts rose in November to 1.547 million annualized units (up from 1.528 million in October).  It's counter-part, Building Permits, rose to 1.639 million annualized units in November (up from 1.544 million in October).  The Philly Fed Index, which measu...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: Retail Sales declined a second continuous month in December, as it declined by 1.1%; as it's November's numbers were revised from +0.3% to -0.1%.  Markit Manufacturing PMI dropped from 56.7 in November to  56.5 December; and it's Markit Services PMI dropped from...

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com:  The Empire State Index, which measures manufacturing in the NY region, came in at 4.9 on it's December index, after it posted a 6.3 previously.  The Capacity Utilization improved from 72.8% in October to 73.3% in November; while Industrial Production had a revi...

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: There are no economic data today to report.  Stocks are Up this morning on news of vaccines beginning to be distributed across the US; and the UK PM and EU President announcing the scrapping of a deadline to work out a deal between the 2 entities.  It is being r...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com:  Both the Producer Price Index (PPI) and Core PPI rose 0.1% in November.  This index gauges inflation in the Wholesale sector.  The Core PPI's YoY rose sharply from 1.1% to 1.4%.  Consumer Sentiment rose from 76.9 in November to the initial December data of 81.4...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: Both the Consumer Price Index (CPI) and Core CPI (excludes food and energy) rose 0.2% in November; however, it's YoY remained unchaged from previous month.  The CP remained at 1.2% and Core CPI at 1.6%.  Bad News with Jobs, which the Initial Jobless Claims spike...

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