Explore Redondo Beach, CA

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...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped from 105.0 in May to 103.3 in June. This index is a gauge with the Small Business sector's confidence. Job Openings shrunk from 7.4 million in April to 7.3 million in May. Stocks are trading in Mixed Territory, as NASDAQ rem...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There's no economic news scheduled on the Calendar today. Stocks are trading in the Red this morning, as Investors are repositioning their thoughts on the upcoming FOMC at the end of the month. The Jobs data on Friday were better than expected, which thwarted an...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The BLS released their Jobs report for June, which came in higher than the expected 170k. The number came in at 224k new Jobs. However, the Unemployment Rate ticked Up from 3.6% to 3.7%. This was done, as a result of 335k new people came to the Labor Force. Also...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: ADP had a revision for it's May's numbers, which was revised higher from it's initial of 27k to 41k. It's numbers rose in June, from 41k to 102k; but below it's estimations, which were closer to the 160-180k range. Initial Jobless Claims, also, had a revision fr...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Nothing on the Economic Calendar today. Stocks are in Negative Territory this morning, after yesterday's rally on the euphoria on the agreement between US and China to go back to the table for their Trade Talk. Now Wallstreet is waiting on Job Numbers that will ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Markit Manufacturing PMI rose from 50.1 in May to 50.7 in June. ISM Manufacturing Index dropped from 52.1% in May to 51.7% in June. Globally, many countries (like China, Japan and Germany) are contracting in Manufacturing. Constructions Spending dropped 0.8% in ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: A lot on the Economic Calendar today! Starting off with the Personal Income for the month of May, which was up 0.5%; whereas, Consumer Spending was up 0.4% in May. Personal Consumption Expenditure was Up 0.2%, as was the Core PCE (also called Core Inflation) Up ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Initial Jobless Claims rose to 227k this week, along with a revision of 1k to last week's numbers from 216k to 217k. The Final Revision for the Q1 GDP remained at 3.1%. It will be interesting to see what Q2 provides. Q1 was a lot of build up of Inventories durin...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Durable Goods Orders are still dragging, as Boeing's (737 Max) woes continue to bring down those numbers. April's numbers were revised lower, as the revision led from -2.1% to -2.8%; and it declined 1.3% in May. However, if you remove Transportation, then it imp...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http:MikesDailyMarketReport.com: The Economic Calendar is light today, so the Geo-Political will have the most affect on the Markets today. Stocks are in Mixed Territory, as NASDAQ is currently in the Red. Investors are looking ahead to the G20 Summit in Japan, which begins Friday, when it is exp...

Redondo Beach, CA Real Estate Professionals