Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from 212k from previous week to 211k last week; another good sign for Jobs. However, we show Manufacturing and Services Industry slowing down. Markit Manufacturing PMI flash dropped from 52.6 in April to 50.6 in May; and Markit Serv...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The only item on the Economic Calendar today is the FOMC Minutes, which will be released at 11:15am PST. Investors are eager to review the Minutes of the Feds' last meeting and look for clues on their thoughts on the economy, rate movement and US/China. Stocks a...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Existing Homes Sales slumped a bit in April, as they go from 5.21 million annualized units to 5.19 million. Stocks are cautiously trading in Positive Territory, as the US placed a Temporary (90 days) Exception on US Businesses dealings with Huawei. MBS is curren...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There are no economic data to report from the Calendar today. Stocks are being driven by the continued tensions between the US and China, as both parties agree they won't be meeting any time soon, as neither side is willing to negotiate further. Also, US Compani...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Consumer Sentiment jumped up from 97.2 in April to 102.4 in May. Leading Indicators are Up 0.2% in April. Stocks are down on concerns that China won't come back to the negotiations based on all the previous events. MBS is currently down 3bps, but it's not enough...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Initial Jobless Claims improved last week, as only 212k applied for benefits (vs. 228k the previous week). Housing Starts improved in April, as they rose from 1.168 million annualized units in March to 1.235 million in April. Also, Building Permits, which are fu...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: After a big month in March, Retail Sales declined by 0.2% in April; when you exclude Autos, then it declined by 0.1%. The Empire State Index reported an improvement in Manufacturing in the NY region, as it went from 10.1 in April to 17.8 in May. Industrial Produ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: NFIB Small Business Index rose from 101.8 to 103.5 in April, as Small Businesses gain a little more confidence in the economy and overall Market. Stocks are rebounding a bit today, as yesterday was a sheer sell-off. There appears to be a softening in the tone be...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: No economic data to report today. The driving force behind the Markets is a continuation from last week's tension in Trade talks between US and China, which have become more heightened. After US raised Tariffs on $200 Billion of Chinese goods from 10% to 25%, th...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Consumer Price Index rose 0.3% in April, as it's YoY increased from 1.9% to 2.0%. When you remove the volatile and uncontrolled substance, as Food and Energy, then you have the Core CPI, which rose 0.1%; and it's YoY rose from 2.0% to 2.1%. As have the week went...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: We finally have some Economic data to report today. We'll start with the Weekly Jobless Claims, which 228k people applied for benefits last week. The previous reporting had 230k, so we'll need to watch this index for continued trend or just a temporary movement....

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Nothing to report from the Ecnonomic Calendar today. Geo-Political News continue to dictate the Markets. US and China Trade Negotiations continue it's saga, as it makes Investors very uneasy. Also, reports have come out of China that Imports increased, but Expor...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Another day without any data to report on the Economic Calendar. Today is more of the same, as the reports on the warnings from President Trump to China was confirmed, as they indicated that Tariffs on $200 Billion of Chinese goods can rise from 10% to 25% with ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: It's a light week for economic data, which there's none to report today. So, we're taking our direction today from Geo-Political news. President Trump tweeted that he will raise the $200 Billion in Goods imported from 10% to 25% by Friday, if a deal is not compl...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Bureau of Labor Statistics released their Job Numbers today. The Nonfarm Payroll exceeded their forecast of 213k to 263k; and the Unemployment Rate dropped from 3.8% to 3.6% (lowest reading since 1969) for the month of April. The Average Hourly Earnings cont...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Weekly Jobless Claims report that 230k people applying for Unemployment Benefits, same as previous week's number. Q1 Productivity jumped Up 3.6%, while Q1 Unit Labor Costs dropped by 0.9%. Factory Orders jumped Up 1.9% in March. So overall, a very good news from...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: ADP is starting the jobs numbers for this week in the right direction, as they reported 275k new jobs in the private sector. However, in the Manufacturing sector, we have 2 conflicting reports. The Markit Manufacturing PMI increased from 52.4 to 52.6 in April; w...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Employment Cost Index rose 0.7% again in Q1. Case Shiller HPI dropped from 4.2% YoY to 4.0% YoY in February in appreciation. Manufacturing dropped in the Chicago region, as the Chicago PMI dropped from 58.7 in March to 52.6 in April. Consumer Confidence rose...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Personal Income rose only 0.1% for March, as expectations were +0.4%. Howevery, Consumer Spending rose 0.9% in March, based on an 0.8% jump. The Fed's favorite gauge for inflation (Personal Consumption Expenditure, or PCE) was released today. PCE rose 0.2% in Ma...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: We got a glimpse of Q1 GDP today, which surprised the Markets. After a lower revised 4th Qtr GDP of 2.2%, forecasts called for 2.3% in Q1, but it came in much HIGHER at 3.2%. Also, Consumer Sentiment showed some improvement, rising from 96.9 in March to 97.2in A...

Redondo Beach, CA Real Estate Professionals