Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Factory Orders dropped by 10.3% in March. Stocks are mostly down, but Mixed presently, as NASDAQ is the only index to jump into positive territory. Investors are reviewing the Presidents and other Officials comments about US and China's relationship, which seems...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Markit Manufacturing PMI dropped down to 36.1 for April; while the ISM Manufacturing Index dropped to 41.5. Construction Spending rose by 0.9% in March. Stocks are Down on Corporate Earnings release and outlooks, including 2 Big Tech Companies (Apple and Ama...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Just a forewarning, I may have rambled on a bit too much today, so I apologize beforehand. However, we do have a lot of economic data to report today. The Weekly Jobless Claims came in at 3.84 million, with revisions of approximately +15k in the previous report....

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The initial view of Q1 GDP shows the economy dropped 4.8%, which is on the heels of Q4 being up 2.1%. Pending Home Sales dropped 20.8% in March. The FOMC wraps up their 2 day meeting today, which Fed Chair Powell will provide his announcement at 11:30am PST. Sto...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Case Shiller Home Price Index rose from 3.9% to 4.2% in February, which indicates the Real Estate Market heating up prior to coronavirus. Consumer Confidence dropped from 118.8 to 86.9 in April. Stocks started the morning Up, but has since drifted into the R...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are Up on optimism that parts of the world are re-opening their economy, including a few states in the US. Investors are watching Oil, as it dipped again to $12-$13/barrel. MBS is Down 11bps, as Mortgage Rates w...

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Comments 1
Whether it's just a matter of seasonal timing or homes starting to sit on the market due to the Covid concerns is yet to be determined, but we're starting to see an increase in the active listings in the Golden Hills of Redondo Beach.  Just about a month ago there were only 2 homes for sale in th...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Durable Goods Orders dropped by 14.4% in March; and only dropped by 0.2% when you exclude Transportation. Consumer Sentiment dropped from 89.1 in March to 71.8 in April. Stocks started the day in Positive Territory, but the DOW has since gone into Negative Terri...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Weekly Jobless Claims came in at 4.43 million people applying for Unemployment for the first time last week. Both the Manufacturing and Services Industries continue to sink, as Markit PMI released their reports showing Manufacturing dropping from 48.5 in March t...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There were no economic data to report today. Stocks are Up this morning on news of the new PPP Stimulus package passing thru Senate yesterday, which it will now go to House tomorrow. This new package will help both Small Businesses and Hospitals. MBS is Up 13bps...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Existing Home Sales dropped 8.5% in March, down to 5.27 million annualized units. Stocks are Down this morning on the struggles of the Oil Industry, as they went into negative territory for the first time for price per barrel. There's a new package with Congress...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are in Negative Territory, as Oil drops below $11/barrel on low demand based on the coronavirus quarantines. Also, Congress is working on a plan to help replenish up to $350 billion for the PPP, which is helping...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The Leading Economic Indicator Report shows a decline of 6.7% drop in March, which is a new record. Stocks are Up this morning on optimism of a new treatment for the coronavirus by Gillead and the President unveiled his plan for states to begin reopening their e...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Weekly Jobless Claims reported 5.25 million people applied for Unemployment Benefits for the first time last week. This should push our Unemployment Rate between 15% - 20% now. Housing Starts dropped from 1.564 million in February to 1.216 million in March. Buil...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Retail Sales dropped 8.7% in March; and when you exclude Autos, then it dropped 4.5%. Manufacturing in the NY region had a steep decline, as it came in -78.2. Industrial Production dropped 5.4% in March. Capacity Utilization dropped from 77.0% to 72.7% in March....

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are in Positive Territory this morning, as there appears to be some light at the end of the tunnel of this current pandemic. Seems like the amount of cases and deaths are dipping each day, so there's talk about ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There were no economic data to report today. Stocks are starting the week off in Negative fashion, as they brace for Q1 Earnings Reports, which this week will be the Major Banks. They're feeling a bit pessimistic! There was an agreement between the US, OPEC and ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Last week's Initial Jobless Claims Report was revised higher, from 6.6 million to 6.9 million. This week's report had 6.6 million people applying for Unemployment Benefits for the first time; so now, we're looking at approximately 17 million on Unemployment with...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The FOMC Minutes from March 15th will be released later this morning. We don't anticipate any effects, as this was their emergency meeting where they cut the Fed Funds Rate to 0% and announced their QE purchases. Now only if we could get the FHFA (especially Dir...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The small business optimism fell to it's lowest level since Oct 2016, as the NFIB Small Business Index dropped from 104.5 to 96.4 in March. Stocks are in Positive Territory again today on continued progress on coronavirus and possible news of another Stimulus pa...

Redondo Beach, CA Real Estate Professionals