Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Nonfarm Payrolls Report released a much hotter number than expected (165k) to 273k in February; also the previous 2 months were revised higher by 85k. The Unemployment Rate dropped from 3.6% to 3.5%. Average Hourly Earnings rose by 0.3% MoM; however, it's Yo...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The Weekly Jobless Claims dropped to 216k, which was lower by 3k from previous week's number. The final Productivity number for Q4 came in at 1.2%, which was less by 0.2% in it's initial reading; whereas, Unit Labor Costs (for Q4) came in at 0.9%, which it's ini...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The ADP Report came out with 183k new jobs in the private sector. The whisper numbers were in the range of 170k-175k, so we did good! The next 2 indexes are the Services Sector. The Markit Services PMI remained Unchanged in Contraction Territory at 49.4 in Febru...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: There are no scheduled reports on the Economic Calendar today. Stocks were initially Up this morning, but are now in the Red after a Big rally yesterday (DOW closed Up nearly 1300). Central Banks around the globe have been announcing rate cuts due to economies a...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Markit Manufacturing PMI dropped to 50.7 in February, which was down from 50.8 in January. The Markit Services PMI dropped from 50.9% in January to 50.1% in February. Construction Spending rose by 1.8% in January. Stocks are trying to rebound after it's worse we...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: A lot of data to report today, which we'll start with Personal Income for January. It rose 0.6%, which was double it's forecast. Consumer Spending rose only 0.2% in January, which is half of what was reported in December, and less than forecast. Both the Persona...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobless Claims rose 8k from last week's numbers to 219k this week. The Q4 GDP remained Unchanged at 2.1%. The final revision will be reported next month. Durable Goods Orders dropped 0.2% in January (better than the -1.0% forecast); however, when you ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: New Home Sales rose to 764k in annualized units from December to January. December's numbers were revised higher. Stocks are rebounding from the last 2 days of sell offs due to concerns over the coronavirus making it's way globally. MBS and Mortgage Rates remain...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The Case Shiller Home Price Index rose from 3.5% in November to 3.8% in December, as YoY numbers. Also, FHFA HPI rose from 5.0% in November to 5.2% in December. The reason for higher YoY numbers for FHFA HPI is because it represents homes with Conforming loans, ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There are no economic data to report today, so Stocks are going off of Geopolitical news today. As such, the coronavirus is having a much stronger impact on the global economy, as Investors are panicking. The DOW is Down between 800-900 points and the NASDAQ is ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Today, we have reports from Markit PMI flash for the month of February with both sectors (Manufacturing and Services) reporting. The Manufacturing dropped from 51.9 in January to 50.8 in February; while, Services dropped from 53.4 in January to 49.4 in February....

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Weekly Jobless Claims rose by 4k from previous report to 210k, which is still a very strong number. This week's report carries more weight because it is the "sample" week, which is used toward the calculation for the Bureau of Labors Jobs numbers due March 6th. ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Housing Starts, which had a 14 year high in December was revised higher from 1.608 million to 1.626 million; so, it stands to reason there will be a bit of a pull back in January, which it did decline to 1.567 million. It's still better than it's forecast of 1.4...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The Empire State Index (Manufacturing in the NY region) indicated some strength in February after jumping from 4.8 in January to 12.9. NAHB Home Builders Index, which indicates the confidence level with Home Builders, dropped one point to 74 in February. However...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Retail Sales (both headline and excluding Autos) rose 0.3% in January. Import Price Index remained Unchanged in January. However, Industrial Production dropped 0.3% in January and Capacity Utilization dropped from 77.1% to 76.8%. Consumer Sentiment rose to 100.9...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobless Report rose by 2k to 205k. Consumer Price Index rose by 0.1% in January; however, it's YoY rose from 2.3% to 2.5%. The Core CPI (excluding food and energy) rose 0.2% in January; however, it's YoY remained Unchanged at 2.3%. Stocks are down thi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are Up again today, as DOW and S&P reach new highs. Fed Chair Jerome Powell will be testifying before the Senate today. His talking points from yesterday's testimony will remain the same, however, the Senate may...

By Mike Bjork
(Pinnacle Home Loan)
Comments 4
http://MikesDailyMarketReport.com: The NFIB Small Business Index rose from 102.4 in December to 104.3 in January. This index is a guage to the confidence for Small Business owners. The JOLTS Job Openings dropped from 6.8 million in November to 6.4 million in December. Stocks are Up this morning, ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 4
http://MikesDailyMarketReport.com: There is no economic data to report today, and this week will be relatively quiet. Stocks started in the red this morning, but since has moved into Positive Territory. Investors are checking on China, as businesses begin to re-open after the extended holiday due...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have the Jobs data being reported from the Bureau of Labor Statistics. The Non Farm Payrolls came in much hotter than expectations (165k) in January at 225k new jobs. The previous 2 months were revised higher by another 7k. The Unemployment Rate rose from 3.5...

Redondo Beach, CA Real Estate Professionals