Explore Redondo Beach, CA

By Mike Bjork
(Evolve Bank & Trust)
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http://MikesDailyMarketReport.com: Initial Jobless Claims dropped to it's lowest level since March. It was reported today that only 787k people applied for first time benefits last week, which is lower than forecasts of 860k. Existing Home Sales jumped up to 6.54 million annualized sales in Septe...

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: No economic data to point out today. The Stock Market is Up again today on continued optimism, as the White House and House are working on a deal for new stimulus; however, this could get help up by the Senate, whom have been calling for a smaller Stimulus packa...

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: The Housing Starts were revised lower in August, from 1.416 million annualized units to 1.388 million. In September, they rose to 1.415 million. Technically, they rose, but ultimately, it was nearly the same. Building Permits (future Housing Starts) rose from 1....

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
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Welcome to real estate at Brookside Village in South Redondo Beach.  This is often the most affordable location in all of Redondo for thoselooking to live close to the beach.  Brookside Village is located on the corner of Prospect and Calle Real and has a great community feel.  There are 1, 2 and...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The NAHB Home Builders Index indicate the growing confidence with Home Builders in the month of October, as it rose from 83 in September to 85 in October. Stocks started of in Positive Territory, but soon after, went into the Red. The hopes for a Stimulus packag...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: Retail Sales surprised investors, as it rose 1.9% in September on forecasts of 0.7%; even when you exclude Autos, it rose 1.4%. This adds to the Consumer Sentiment, which rose from September's number at 80.4 to 81.2 in mid-October. Capacity Utilization rose only...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: We have a mixed bag of economic data today! The Import Price rose 0.3% in September (this is a low impact data point). The higher data points include the following Manufacturing reports: The Philly Fed Index rose to 32.3 in October and the NY Fed Index rose 10.5...

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: The Producer Price Index, or PPI, rose 0.4% in September; same for the Core PPI, which excludes food and energy. The Core PPI jumped from 0.6% in August to 1.2% in September on a Year over Year (YoY) basis. Surprisingly, this hasn't had much impact on the Market...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The Consumer Price Index, or CPI, rose only 0.2% in September, as did it's Core CPI; however, it's YoY rose from 1.3% to 1.4% and it's Core remained Unchanged at 1.7% YoY. Stocks started the Morning in Positive Territory, as Q3 Corporate Earnings Reports begin t...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The Wholesale Inventories rose 0.4% in August. Stocks are in Positive Trading on continued optimism of another Stimulus package. The talks are ongoing and seem to be mixed; however, this isn't affecting the optimism by the Investors. MBS opened below the 25- and...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims rose this week to 840k; up from last week's initial of 837k, which was revised a bit higher to 849k. Stocks are in Positive Territory, as Investors are feeling more renewed optimism on some sort of Stimulus package coming sooner, than late...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The only economic data to report will come out at 11am PST, which is the Meeting Minutes from the FOMC last month. Stocks rebounded from yesterday's close; and are currently Up today. Last night, about an hour before Market close, President Trump tweeted out tha...

By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: This week is light for economic data, which we have none to share today. Stocks are currently in Negative Territory, as Fed Chair Powell presented a speech this morning and reiterated the Fed's stance on more stimulus being needed from Congress; and it's better ...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The ISM Non-Manufacturing PMI dipped a little in September, as it went from 57.8 to 56.9. This is still in expansion territory! Stocks are Up, as it is being reported on President Trump's recovery from COVID is improving, and he may be released from Walter Reed ...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The Jobs data was a bit disappointing today, as the BLS reported that only 661k jobs were created in September. Even though, the Unemployment Rate dropped down to 7.9%, the numbers indicated that fewer people are participating in the Labor Market, as the Labor P...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: The Case Shiller Home Price Index jumped from 4.3% YoY appreciation in June to 4.8% in July. Nice spike! Also, Consumer Confidence jumped from 86.3 in it's previous report to 101.8 in it's September report. Stock indices are all in Negative Territory, as Investo...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: There are no economic data to report today; but this week's Jobs Reports will be our Primary focus. Stocks are Up this morning. It's partly due to buyers coming back into the Market after several days (last week) of selling and some optimism for a 2nd Stimulus P...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: Durable Goods Orders' MoM for August disappointed, as it only represented 0.4% growth; after a 11.7% for July. The CapEx rose 1.8%, which wasn't too bad. This is the data for Durable Goods Orders without the big ticket items (like transportation, defense, air pl...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: Weekly Jobless Claims were revised higher by 6k in last week's report; and came in about 4k higher this week from the revised number, at 870k. A silver lining is New Home Sales, as they jump to 1.01 million annual units for August. This is the first time since 2...

By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: We have reports from Markit PMI for the month of September to report today. The Market Manufacturing PMI rose from 53.1 to 53.5; and the Markit Services dipped from 55.0 to 54.6. These are MoM from August to September numbers; and anything above 50 represents ex...

Redondo Beach, CA Real Estate Professionals