Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Leading Economic Indicators continue to decline, which it's MoM into September dropped 0.1%. Stocks are trading in Negative Territory this morning on bad economic news out of China, which shows their Economy slowing more rapidly than anticipated. Q3 Corporate Ea...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The Weekly Jobless Claims rose a little bit to 214k, which this week's data is important, as it's being used by the Bureau of Labor Statistics (BLS) as part of it's Job Numbers. The numbers for both Housing Starts and Building Permits look on the surface a bit d...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: September was not kind to Retail Sales, as they report a contraction of 0.3% in September; and when you exclude big ticket items, like Autos, then they dropped 0.1%. This report increased the likelyhood of the Fed cutting rates at it's next FOMC from 78% to 90% ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Manufacturing improved a bit in the NY region in September, as the Empire State Index rose from 2.0 in August to 4.0. Stocks are trading in Positive Territory, as we begin the Q3 Corporate Earnings Reports. Today, we're seeing the Financial Sector, which seems t...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Consumer Sentiment improved in October rising from 93.2 to 96.0. Stocks are getting a huge lift this morning on optimism for a US and China Trade Deal, as President Trump tweeted that it's going very well and he's meeting the Vice Premier today. Also, there is s...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from last week's 220k number to 210k, which is a good sign for Jobs. Also, on the agenda is Consumer Inflation by the way of Consumer Price Index, which remained Unchanged from the previous month (MoM); and it's YoY remained at 1.7%...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: It's a pretty slow day today, as we only have the FOMC Minutes being released later this morning (around 11am PST). Stocks are rebounding this morning on new optimism between US and China Trade negotiations. Reports are coming out that we may have a limited deal...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The NFIB Small Business Index, which gauges the confidence with Small Businesses, dropped from 103.1 to 101.8. The Producer Price Index, which measures inflation with the Wholesale Sector, dropped 0.3% MoM, which it's YoY dropped from 1.8% to 1.4%. The Core PPI,...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There are no economic data to report today. The Stock Market is Down this morning on the disappointing data from last week and not feeling too optimistic ahead of this week's China/US trade negotiations, as reports are coming out that China is looking for a limi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The BLS' Non-Farm Payroll produced 136k jobs for September, which is down from 168k in August, and below it's forecast of 150k. However, there was an upward revision of 45k jobs for the previous 2 months, which brought the 3 month average of 157k jobs. This help...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Initial Weekly Jobless Claims rose from 215k (which was revised higher from 213k) to 219k. Tomorrow will the the BLS' September Jobs Report, which will have an Impact on the Market. To continue with the Economic Calendar, the next 2 reports are on the Services I...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The ADP Employment Report only reminded investors on a contracting economy that we're now facing. It's August numbers were revised lower by 38k, which went from 195k to 157k. In September, it came in lower than expectations at 135k. Most were expecting around 15...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Markit Manufacturing PMI rose just a tad in September, which it moved from 51.0 to 51.1. However, the more important index, ISM Manufacturing Index went further into contraction mode in September, as it dropped from 49.1% to 47.8%. This news further induced more...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Manufacturing in the Chicago region contracted, per the Chicago PMI, in September. It dropped from 50.4 to 47.1. Stocks are trading in Positive Territory this morning, as an announcement by the Treasury eased concerns, that were raised by a report on Bloomberg, ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: A lot of data on the Economic Calendar today, so we'll start with the Durable Goods Orders for August, which rose 0.2% (higher than forecast of -0.7%); and if you remove Transportation, then it rose 0.5%. Personal Income rose 0.4% in August, while Consumer Spend...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims rose 3k from last week's report to 213k. However, last week's report was revised higher by 2k (from 208k to 210k). Last week's report is important because it will be used as part of the BLS' Jobs report due October 4th. This low number sho...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: New Home Sales jumped up from 666k in July to 713k in August. Stocks are in Mixed Territory, as Congress has announced an Inquiry into an Impeachment process. This gave rise to Yields, thus affecting Bonds, which we'll see in a little bit. Aso, Investors are sti...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Case Shiller Home Price Index remained Unchanged at 3.2% in July, as June's data was revised a little higher. Consumer Confidence dropped a bit in September, from 134.2 to 125.1, due to the tensions that erupted between the US and China Trade Negotiations. S...

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Comments 0
If you're looking for that iconic Southern California lifestyle, Redondo Beach might be a great option. Redondo is a fairly large city with housing options diverse as the population.  Ranging from smaller condos priced below $5,000,000 to the oceanfront homes of Paseo De La Playa in the Hollywood...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Today, we have data from Markit PMI flash for the month of September. The manufaturing data rose to 51.0; while the services data rose to 50.9. However, the Eurozone reported some pretty ugly numbers in manufacturing, which is partly why Stocks are currently in ...

Redondo Beach, CA Real Estate Professionals