Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Retail Sales disappointed in November, as forecasts called for 0.5% increase, and it just increased by 0.2%; and if you exclude Autos, then it only rose 0.1%. Import Prices rose 0.2% in November. Business Inventories rose by 0.2% in October. Stocks started the m...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Weekly Jobless Claims came in much hotter than expected at 252k. As I had forecasted last week, this was to be expected because last week's really low number was due to the Thanksgiving Holiday being shortened and we'd see a bit of a spillover into this week's r...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: CPI rose 0.3% in November and saw it's YoY increase from 1.8% to 2.1%. The Core CPI (excluding food and energy components) rose 0.2%, as it's YoY remained Unchanged at 2.3%. Later this morning, the Fed will wrap up their 2 day meeting and Chairman Powell will gi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
htp://MikesDailyMarketReport.com: Confidence with Small Business picked up in November, as the NFIB Small Business ticked up from 102.4 to 104.7. The final Productivity for Q3 improved from it's initial report from -0.3% to -0.2%; and the final revision for Unit Labor Costs improved from rising 3...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: There are no data to report from the Economic Calendar today. Stocks are currently Mixed, as the DOW sits as the only index in Negative territory. Investors are looking ahead, as they search for fresh info on any news on the US/China Trade Negotiations, as the d...

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Comments 1
The holidays are always fun and living near the ocean offers some unique holiday events.  One of our favorites is the holiday boat parade in King Harbor of Redondo Beach.  People go all out making their boats festive and bright.  This years boat parade happens on Saturday the 14th.2019 King Harbo...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: NonFarm Payrolls surprised everybody with their HUGE number for November, which 266k jobs were created; along with positive revisions to the prior 2 months by 41k. Forecasts called for 180k, which we thought was a stretch, but this Positive News is welcomed! The...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The Weekly Jobless Claims came in at 203k (a 7 month low) for last week. Of course, last week was a holiday shortened week for Thanksgiving, so take it with a grain of salt. Factory Orders rose by 0.3% in October (exceeding the 0.2% forecasts). Stocks started th...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The ADP Employment Report disappointed today, as it reported only 67k new jobs for November and a revised lowered number (by 4k) in October's numbers. The Markit Services PMI remained Unchanged at 51.6 in November; while, the ISM Non-Manufacturing Index dropped ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We don't have any data from the Economic Calendar today; however, tomorrow will kick off with the first of 3 Jobs data to be released this week with the ADP Report. Stocks are heavily in the Red today, as comments by President Trump regarding a Chinese Trade Agr...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have 2 manufacturing indexes to report today. The first is the Markit Manufacturing PMI slightly rose from 52.2 to 52.6 in November; however, the ISM Manufacturing Index (the "gold" standard and carries more weight) dropped from 48.3% to 48.1%. Anything below...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Weekly Jobless Claims scaled back from the previous reporting to 213k people applying for first time benefits. The GDP's 2nd revision for the Q3 came in a little higher, from 1.9% to 2.1%. We'll see the final revision next month! Durable Goods Orders (including ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Case Shiller HPI rose in September from 3.1% to 3.2%. Consumer Confidence slightly slipped from 125.9 to 125.5 in November. Forecasts were calling for an increase to 128.2. New Home Sales had a large revisions to it's September numbers, going from 701k to 73...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: There are no economic data for the Calendar today, but there will be bunch of important data crammed into the next 2 days. This week will be a holiday shortened week, which our last report for this week will be Wednesday. Stocks are Up this morning on optimism o...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Consumer Sentiment grew to 96.8 (from 95.7) in November. Also, Markit Manufacturing PMI flash rose from 51.3 to 52.2 in November. The other Markit report is on the Services Industry, which is the Markit Non-Manufacturing PMI flash, which rose from 50.9 tp 51.6. ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Weekly Jobless Claims were a little higher this week than expectations with 227k applying for first time benefits. The Philly Fed Index rose from 5.6 to 10.4 in November. This index measures the manufacturing in the Philadelphia region. Existing Home Sales impro...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Today's rather quiet, in terms of reports being released. Only the FOMC Minutes will be released later this morning. It may not have as much impact on the Market today, as Fed Chair Powell spoke before Congress last week. Meanwhile, Stocks are trading in Mixed T...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Housing Starts improved in October, rising from 1.266 million annualized units in September to 1.314 million in October. The Building Permits (a good forward view of Housing Starts) increased to a 12 year high, which it went from 1.391 million annualized units i...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Home Builders Index, which measures the confidence level of Home Builders, slid from 71 to 70 in November. Stocks are in Negative Territory, as pessimism grows on any US-China Trade Deal happening any time soon. MBS is currently Up 19bps and fighting to stay...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Retail Sales Improved by 0.3% in October; and when you exclude Autos, then it only rose 0.1%. Import Prices rose 0.2% in October. Empire State Index, which measures the Manufacturing sector in NY region, dropped from 4.0 to 2.9 in November. Industrial Production...

Redondo Beach, CA Real Estate Professionals