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By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from 217k the prior week to 209k last week. The Job Market still shows some strength. Wholesale Inventories had 0.0% growth from May to June. Stocks rebounded late yesterday and continued this trend this morning. China repositioned ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There's no economic data to report from the calendar today. Global Yields are dropping like hotcakes! Germany reports terrible economic data and reach historic lows with their Yields (-0.59%). Central Banks from New Zealand, India and Thailand cut rates to keep ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Today, we get the Big Jobs Data from the Bureau of Labor Statistics (BLS). The Non-Farm Payroll reported 164k new jobs in July; however, there was a revision of -41k to the last 2 months of reports. Also, the Unemployment Rate remained the same (3.7%) due to an ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims rose to 215k last week -still a very low number. Remember, we have the BLS' Jobs data tomorrow! ISM Manufacturing Index dipped from 51.7% to 51.2% in July. Anything above 50% is considered in expansion territory on this index. Construction...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: ADP reported 156k new jobs in July, which is Up from it's 112k reported in June. The Employment Cost Index rose only 0.6%, under forecasts of 0.7%, in Q2. Annual Compensation Growth dropped from 2.8% to 2.7%. The Fed likes reviewing this Index for possible Wage ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There's a lot of data today on the Economic Calendar. We'll start with the Personal Income, which rose 0.4% in June; and Consumer Spending (on the other spectrum) rose 0.3% in June. The Personal Consumption Expenditure rose 0.1% in June and remained at 1.4% YoY;...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There are no scheduled data to be released today from the Economic Calendar; however, this week, we have a wide range of important data to be released (namely Inflation, housing and Jobs). On top othat data, we have the FOMC, which begins tomorrow and is expecte...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Q2 GDP rose 2.1%, which was higher than forecasts of 1.9%. The Final Q1 GDP was 3.1%. There were some good things out of this GDP, like the increase in Consumer Spending; however, the Businesses pulled back on their spending. This report, along with (overall) po...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobless Claims dropped 10k this week to 206k people applying for Unemployment; other words, less people applying for Benefits, so it's an improvement. Also, Durable Goods Orders jumped up 2.0% in June, after it dropped 2.3% in May. Even after you remo...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: We have both Manufacturing and Services Sectors being represented by Markit PMI flash Indexes being reported today. It's Manufacturing dropped from 50.6 in June to 50.0 in July; whereas, it's Services increased from 51.5 to 52.2. New Home Sales increased from 60...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The FHFA Home Price Index rose 0.1% in May, and is Up 5.0% YoY. The FHFA HPI is an index that measures home prices for home with Conforming loans. May's numbers doesn't seem like a lot, but it was off a very good April that saw it rise 0.4%. Existing Home Sales ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: No economic data from the calendar to report today. We will see a lot of Housing Data later this week, however. Stocks started the morning in Positive Territory; however, the DOW has since turned Negative, so Stocks are Mixed. There are further Corporate Earning...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Consumer Sentiment slightly improved from June to July, as it went from 98.2 to 98.4, even though forecasts were calling for higher number, 99.0. Stocks are in Positive Territory. Microsoft is a Big Winner, as they blew out their numbers! More Corporate Earnings...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: This week's Initial Jobless Claims rose from last week's revised number (from 209k) of 208k to this week's of 216k. This week's number is important, as it will be used by the BLS with their Jobs numbers for July. This will be released Aug. 2nd. Manufacturing reb...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Housing Starts dropped from 1.265 million annualized units in May to 1.253 million in June. Building Permits dropped from 1.299 million annualized units in May to 1.220 million in June. The Fed Beige Book, which reports the Fed's economic view of the various reg...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Both the Headline Retail Sales and it's sub-component without Autos had the exact reading for the month of July, as it continued the 0.4% MoM growth from May-June and June-July. As we saw from previous Manufacturing Reports in June, the Industrial Production rep...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDaily MarketReport.com: Manufacturing in the NY region improved in July, as the Empire State Index rose from -8.6 to 4.3 -better than most forecasts of 0.5. Stocks are currently in Negative Territory, after they initially started the day in Positive Territory. Today, we got the Unoffi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Wholesale Inflation remains moderate in June, as it rose 0.1%, and it's YoY dropped from 1.8% to 1.7%. But if you remove uncontrollable variables, as food and energy, the we have the Core PPI, which carries more weight. It rose 0.3% in June, however, it's YoY re...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped to 209k last week. Remember, this was a Holiday shortened week, so we could potentially see a higher number next week. Next week's number will have added significance, as it will be the "sample" number for the BLS with their Jobs d...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Wholesale Inventories rose 0.4% in May. The FOMC Minutes will be released later this morning at 11am PST. This report won't hold as much weight, as in the past. The last meeting took place on June 16th; but since then, we had a terrific Jobs Report, which concer...

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