Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobless Claims was reduced by 12k from last week's report to 209k. This week's report is important because it is being used by the BLS for their Jobs Data to be reported the first Friday of Sept, which this report is called the "Sample Week". Markit M...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Existing Home Sales jumped up from 5.29 million annualized units in June to 5.42 million in July. The FOMC Minutes will be released at 11am PST. Investors will be searching for clues behind the Fed's thoughts on past Rate Cut and insight into future Rate Cuts. S...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There's no economic data to report today (again), which was mentioned yesterday that this will be relatively light in terms of data being reported. The Markets are taking their cue from the remaining Earnings Reports, as big bellweather companies, like HomeDepot...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There's No Economic Data to report today, and it will be a light week this week, as well. The Market is taking it's cue today on Geo-Political News, as President Trump and his Staff downplay talks of recession. They stated that they expect the economy to continu...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Housing Starts dropped from 1.241 million in June to 1.191 million in July. Even though this headline number shows a drop, the good news is if you dig deeper, then you'll understand that the drop was due to drop with Multi-Family. There was actually an increase ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: We have a lot of data on the Economic Calendar being released. Initial Jobless Claims rose a little bit to 220k this week. Retail Sales rose 0.7% in July; and when you exclude Autos, then it rose 1.0%. Productivity rose 2.3% for Q2. Unit Labor Costs rose 2.4% fo...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There's no economic data to report today. Stocks are being driven downward today (DOW down over 600 so far) on worries of the final Yield Curve Inversion. The 2 year Yield finally inverted with the 10 year Yield. This is important because it's been a very good i...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The NFIB Small Business Index, which measures the confidence for Small Businesses, rose from 103.3 in June to 104.7 in July. The Consumer Price Index (CPI) rose 0.3% MoM in July, and 1.6% to 1.8% YoY. However, if you remove the food and energy components (which ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Nothing to report on the Economic Calendar today. Stocks are mostly following the news on US/China trade negotiations and Hong Kong. The Yuan is getting weaker against the US Dollar, which the US has accused China of being a currency manipulator. Also, tensions ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Producer Price Index rose 0.2% in July; however, it's YoY remained at 1.7%. The Core PPI dropped 0.1% in July, and it's YoY dropped from 2.3% to 2.1%. The Producer Price Index provides us insight to possible inflation to the Consumer, as it's inflationary da...

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...

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