Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Weekly Jobless Claims had a big spike last week, as 230k people applied for Unemployment Benefits. This is up from 193k the previous week. This will be something we watch to determine, if we've hit the bottom and start rising, or this may be an anomaly. Durable ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There's no data to report today on the Economic Calendar, so we take our queu from Geo-Political events (China) and Q1 Corporate Earnings Reports. Stocks are trading in Mixed Territory, as many of the indices have reached their Peak, and the rest are very close ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: New Home Sales jumped Up from 667k February to 692k in March. We've seen a lot of declines in the Housing Market, so this Positive News is very welcomed. Stocks are in Positive Territory, as Investors go thru Corporate Earnings and Forecasts, especially from som...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There were a few reports released on Friday, even though the Markets were closed, so we'll provide that information: Housing Starts dropped from 1.142 million in February to 1.139 million (annualized units) in March. Also, Building Permits dropped from 1.291 mil...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Weekly Jobless Claims continue to drop, as they dropped from 197k to 192k last week. Retail Sales rebounded, after dropping 0.2% in February, it jumped up 1.6% in March; and if you exclude Autos, then it jumped up 1.2%. Manufacturing in the Philadelphia region d...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Wholesale Inventories rose 0.2% in February. Later today, the Fed's Beige Book will be released. This will provide us with a more Micro view of our economy, broken down into regions. Stocks are trading in Mixed Territory based on Mixed Corporate Earnings Reports...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Industrial Production dropped 0.1% in March, even though forecasts called for a rise of 0.1%. On the same report, Capacity Utilization dropped from 79.0% to 78.8%, even though, it too, called for a rise on it's forecasts. Home Builder's Confidence is slowly risi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Manufacturing rebounded in the NY region, as the Empire State Index rose from 3.7 to 10.1 in April. Stocks are trading in Negative Territory, as a few financial institutions provided their Q1 Earnings Reports and disappionted the Markets. MBS is only up 2bps, so...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Consumer Sentiment dropped from 98.4 to 96.9 on it's Index in April. Stocks are Up this morning on strong Q1 Earnings Reports today by some of the nation's largest banks, which is indicating a continued robust economy. Also, China is seeing positive effects from...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Consumer Priced Index, an inflationary gauge for the consumer, rose 0.4% in March, which it's YoY rose from 1.5% to 1.9%; however, when you remove the food & energy (variables that cannot be controlled), you will receive the Core CPI, which only rose 0.1% in Mar...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The NFIB Small Business, which gauges the Small Business' Confidence, increased 0.1 in it's index, going from 101.7 to 101.8 in March. Job Openings shrank in February, as they went from 7.6 million in January to 7.1 million. Stocks are in Negative Territory, as ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The only item on the Economic Calendar is Factory Orders, which dropped 0.5% in February. Data show Manufacturing still strong, but they're becoming more cautious. Stocks are down today after a nice ride upwards last week. There is a Brexit deadline this week (t...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Today is the Big Jobs Day! Nonfarm Payrolls came in higher than expectation (177k) and much higher than February's number, which was revised higher (to 33k). It came in at 196k. The Unemployment Rate remained at 3.8%. However, Average Hourly Earnings only rose 0...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobless Reports continue to drop, as they go from 212k people applying for Unemployment Benefits the prior week to 202k applying for the Benefits last week. Tomorrow is the Jobs Report by the Bureau of Labor Statistics (BLS). Stocks are Mixed this mor...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Today marks the first of 3 Job data this week, which we start with the ADP Employment Report. It reported that there were 129k new jobs in the private sector. Tomorrow will be the Weekly Jobless Claims, then Friday, will be the BLS' Jobs Report. The Services Ind...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: It's a fairly quiet day today, after Stocks held a pretty good rally yesterday. Durable Goods Orders is the only item on the Economic Calendar today. January's numbers were revised from being up 0.3% to being up 0.1%. It dropped 1.6% in February, as forecasts sh...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Jobs data will be the big news this week, but today, we have: Retail Sales, which declined by 0.2% in February; and declined by 0.4% without Autos. Manufacturing is a bit Mixed today, as the Markit Manufacturing PMI dropped from 53 to 52.4 in March; while ISM Ma...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There's a bit of data to report today. We're still getting delayed data because of the Gov't Shutdown. We'll start with Personal Income, which rose only 0.2% in February (forecasts called for 0.3% increase). Consumer Spending rose only 0.1% in January (forecasts...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped a little further last week, which only 211k applied for Unemployment. Last week, it was reported at 216k, and forecasts for today's report called for 222k. The final revision for the GDP for Q4 in 2018 was revised lower, from 2.6% t...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Nothing to report on the Economic Calendar today. Stocks are modestly Up this morning. Investors continue to monitor the Brexit news, as we approach the new deadline in about 2 weeks. Also, adding fuel is the dropping Yields, which the 3 month inverted on the 10...

Redondo Beach, CA Real Estate Professionals