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By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Fed wraps up their 2 day meeting today, as Fed Chair Jerome Powell will give his announcement around 11:15 am PST. Today's announement is expected to go similar to it's previous announcement; and Investors will seek clues on the Fed's forecasts and Balance S...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Factory Orders were up only 0.1% in January, off from it's forecast of 0.4%, and stronger hints of a slowing economy. Stocks are Up this morning, as the Fed begins it's 2 day meeting today. Tomorrow, Fed Chair Powell will give his announcement. It's expected to ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Home Builders Index, which gauges the confidence level with Home Builders, remained Unchanged from previous month in March. Stocks are trading in Positive Territory this morning, as Investors keep an eye on the Main Headlines over the past week: Federal Authorit...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Manufacturing seems to be weakening, as we have 3 data points to view today. Starting with the Empire State Index (Manufacturing in the NY region) dropped from 8.8 to 3.7 in March, as most forecasts had it rising to approximately 10. Industrial Production rose o...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims rose 6k from last week's number to 229k. New Home Sales came in at 607k annualized units for the month of January. Stocks are in Negative Territory on Geo-Political News, as more disappointing industrial output data comes out of China. Als...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: We have a few items on the Economic Calendar today. We'll start with the Durable Goods Orders for January, which rose 0.4% on forecasts of it dropping 0.1%. The Core Capital Goods Orders broke it's pattern of declines over the past few months and rose 0.8% in Ja...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Confidence with Small Business Owners gained some strength in February, as the NFIB Small Business Index climbed from 101.2 to 101.7. Consumer Inflation dropped a smidge in February. Consumer Price Index went up 0.2%, while it's YoY dropped from 1.6% to 1.5%. Wh...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Retail Sales rebounded a bit in January, moving up 0.2%. Retail Sales, which excludes Autos, enjoyed more improvement, which went up 0.9%. These improvements were much needed after a very dismal December, which was the worst data in the last 10 years. Business I...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Today is the BIG Day for Jobs Data! The Non-Farm Payroll surprised everyone with 20k new Jobs in February, whereas they were expecting it around 175k. A closer look at this report shows that the weakness came from the Hospitality and Construction Sectors, which ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Big Jobs Data will be released tomorrow, but today, we have the Weekly Jobless Claims. The Weekly Jobless Claims improved a little bit, going from 226k the previous week to 223k last week. Forecasts called for 225k. Productivity for the 4th Qtr also, improve...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The ADP, the first of the Jobs data this week, came in a little lower than forecasts for February. It came in at 183k new jobs in the Private Sector, while forecasts called for 187,500. Later today, the Fed Beige Book will be released. Stocks are down, as they'r...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have mixed data for the Service Industries. The Markit Services PMI went from 56.2 to 56.0 in February; whereas, the ISM Non-Manufacturing went from 56.7% to 59.7%. New Home Sales improved from 599k annualized units sold in November to 621k annualized units s...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: They released the Construction Spending for December, which is one of the delayed reports due to the Gov't Shutdown. It dropped 0.6% on forecasts of it going up 0.3%. Stocks started the day in Positive Territory on news of the US/China Trade Talks is near comple...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have a lot of data on the Economic Calendar today. We're still facing delays on much of the data due to the past Gov't Shutdown. Personal Income rose 1.0% in December; however, Consumer Spending dropped 0.5%. PCE rose only 0.1% in December, while it's YoY dro...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Initial Jobless Claims moved from 217k from previous week to 225k last week. It came in at forecast. GDP came in a bit hotter than expected. It came in at 2.6%, whereas, forecasts were calling 1.9%. This report was for the 4th Qtr of 2018. Manufacturing in Chica...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Pending Home Sales jumped up 4.6% in January, as it points to a pretty strong Spring Home Buying Season. Factory Orders rose only 0.1% in December, which disappointed, as it was forecasted to rise 0.5%. Stocks are Down this morning, as they may be losing some st...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have some housing data to report, which 2 of the items were from the delayed reports due to the Gov't Shutdown. Housing Starts dropped from 1.214 million annualized units to 1.078 million. However, the Building Permits rose from 1.322 million annualized units...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The only data to report from the Economic Calendar is from the delays due to the Gov't Shutdown. The Wholesale Inventories rose 1.1% in December. Stocks are Up due to recent activity/tweets regarding the US/China Trade Talks that continued throughout the weekend...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There's no data scheduled on the Economic Calendar this morning; however, the day is fill with several Fed Speakers today. Stocks are rebounding after yesterday's losses. President Trump is scheduled to meet with the higher level Chinese delegation today, as sig...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport: A lot of data on the Economic Calendar today, which we'll start with the Initial Jobless Claims. This week's report is important, as it's the Sample Week, which is used by the Bureau of Labor Statistics' with their Job Numbers. This week it came in at 216k, which wa...

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