Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport: A lot of data on the Economic Calendar today, which we'll start with the Initial Jobless Claims. This week's report is important, as it's the Sample Week, which is used by the Bureau of Labor Statistics' with their Job Numbers. This week it came in at 216k, which wa...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We are still experiencing data being delayed from the past Gov't Shutdown, which will be released at a later date. Today, however, we still have the FOMC Minutes to be released at 11am PST. Many Investors commented that this will be the single most important new...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The confidence for Home Builders grew in February, as the Home Builders Index jumped 4 points to 62. Stocks are trading in Mixed Territory, as the US and China further their talks in DC today with higher level officials. Stocks have already priced in the optimis...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have a few economic data pieces to report from the Economic Calendar. We'll start with the Manufacturing data in the NY region, which is the Empire State Index, which reported an 8.8 on it's February numbers. This is up from 3.9 in January. An improvement and...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
MikesDailyMarketReport.com: A lot to cover under the Economic Calendar today. The Initial Jobless Claims continued it's increase in claims, as 239k applied for benefits last week. This will pose a question if it bottomed out, as this could be a prelude to a recession. Retail Sales were a HUGE dis...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have inflation data to cover today on the Economic Calendar. The Consumer Priced Index (CPI) remained unchanged from December to January, but did decline from 1.9% to 1.6% YoY. The Core CPI (excluding food & energy) rose 0.2%, and remained at 2.2% YoY. The St...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have 2 items on the Economic Calendar today. The NFIB Small Business Index, which measures the confidences level within Small Businesses dropped from 104.4 to 101.2. This is the lowest reading since November 2016. Part of the change was due to the Gov't Shutd...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Rather quiet morning, thus far. There's no economic data to report; although, we do have a bit of important data this week (such as Retail Sales). Stocks are Up a little bit this morning on optimism on Negotiations between US/China as representatives gather in B...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Another quiet day for the Economic Calendar. Nothing to report today. Next week will be a bit busier. We're winding down on the Q4 Earnings Reports, so we're not having as much effect from them in the Stock Market, as Investors begin toward the US/China Trade Ta...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Today, we only have the Initial Jobless Claims to report from the Economic Calendar. Last week, it was reported that 234k people applied for benefits, which was lower than the previous week's 253k. These may be holdovers from the holidays, but we'll watch this d...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Quiet day today. No economic data to report, as few pieces weren't ready due to the Gov't Shutdown. Stocks are taking their cue from last night's SOTU. They are a bit worried over the tough stance with negotiations with the Chinese; and the uncertainty on negoti...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have the Services Industries on today's Economic Calendar with 2 indices. We'll start off with the Markit Services PMI, which remained at 54.2 in January; whereas, the ISM Non-Manufacturing Index dropped from 58% to 56.7%. The Stock Market is Up on light trad...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: It's a light week, this week on the Economic Calendar. Today is Factory Orders for November, which was due in December, but was delayed due to the Gov't Shutdown. It dropped 0.6% in November, which was faster than forecasts of -0.2%. Stocks are trading in Mixed ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: A lot to go over today on the Economic Calendar, as we have a few reports added, due to the Gov't Shutdown. The biggie today, is the Nonfarm Payroll for the month of January, which jumped to 304k, but the previous 2 months combined were revised lower by 70k; whi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have a few important data releases being delayed due to the recent Gov't Shutdown (like PCE, Fed's favorite gauge for Inflation), but we do have some other important data to report from the Economic Calendar. We'll start off with the Initial Jobless Claims, w...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There's a few items on the Economic Calendar today. The first item is the ADP Employment data, which reported 213k jobs in January. December was revised lower from 271k to 263k. This is the first Jobs data that we'll see this week. Next is Initial Jobless Claims...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: A few items on the Economic Calendar today. The Case Shiller HPI dropped from 5.3% to 5.2% in November. Don't let the Media fool you! Home Prices are still rising, BUT at a slower pace on Year over Year basis. NOT the drop, as the Media likes to portray! It will...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There's nothing to report from the Economic Calendar today, as the Markets are following the Stock Market and Geo-Political news today. Caterpillar missed it's numbers, which started the Stock Market's drop this morning; and all of the uncertainty of the Tempora...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Due to the Gov't Shutdown, there are no Economic Data to provide that were on the Calendar; so, whenever they re-open, then one can assume there will be a plethora of delaye data to be released. Meanwhile, on the Headline News, Stocks are rising on very good Cor...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: We have several items on the Economic Calendar today. We'll start with our Weekly Jobless Claims, which last week's numbers were revised lower from 213k to 212k; this week it came in much lower at 199k, which is (from my understanding) the lowest reading since 1...

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