Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  The Personal Income jumped up to 10.0% in January and the Consumer jumped up 2.4%.  Meanwhile, Inflation still shows some tameness, as the Personal Consumption Expenditure (PCE) rose 0.3% in January, while it's YoY bumped up from 1.3% to 1.5%.  However, the Cor...
02/26/2021
http://MikesDailyMarketReport.com: Last week's Initial Jobless Claims report was revised lower, from 861k to 841k; and this week's report vastly improved to 730k.  December's Durable Goods Orders was revised higher, from 0.5% to 1.2%; and January's came in at 3.4% (hotter than it's 1.1% forecast)...
02/25/2021
http://MikesDailyMarketReport.com: New Home Sales spiked to 923k seasonally adjusted units for January.  Stocks are back into Positive Territory after more dovish comments by Fed Chair Powell during his testimony to the House Committee today.  They started in the Red, then reversed into positive ...
02/24/2021
http://MikesDailyMarketReport.com:  We have 2 HPI (Home Price Indexes) released today for the month of December.  The Case Shiller Index rose by 10.1% YoY; and the FHFA HPI rose by 11.4%.  These are the highest numbers since 2014.  Also, Consumer Confidence rose to 91.3 in February.  Stocks are D...
02/23/2021
http://MikesDailyMarketReport.com: Leading Indicators reported improvement of 0.5 for the month of January.  Stocks are a bit mixed this morning on the concern of higher Yields.  Stock valuations are coming into question, as the higher borrowering costs represents lower profits for Investors.  In...
02/22/2021
http://MikesDailyMarketReport.com: The Markit Manufacturing PMI dipped slightly in February, as it went from 59.2 in January to 58.5 in February; also, the Markit Services PMI improved in February, going from 58.3 in January to 58.9 in February.  Investors liked the data for both the Manufacturin...
02/19/2021
http://MikesDailyMarketReport.com: Housing Starts pulled back in January, as December's data was revised higher to 1.68 million annualized units; and it dipped to 1.58 million in January.  However, Building Permits jumped up, from 1.704 million in December to 1.881 in January.  This is future Hou...
02/18/2021
http://MikesDailyMarketReport.com: Retail Sales spiked to 5.3% in January, after a 1.0% decline in December.  Inflation for the Wholesale Sector spiked in January too, as the Producer Price Index indicated a 1.3% increase in MoM report in January; and it's Core PPI jumped Up 1.2%, bringing it's Y...
02/17/2021
http://MikesDailyMarketReport.com:  Manufacturing in the NY region picked up in February, as the Empire State Index rose to 12.1.  Stocks are Mixed, as Investors begin to review their footing with upcoming Recovery period.  Lots of talk around Stimulus to raising Minimum wages to $15/hr to rollou...
02/16/2021
http://MikesDailyMarketReport.com: The Consumer Sentiment dropped to 76.2 in February, especially with the lower-income folks, according to the UofM Survey.  Stocks are trading in Mixed Territory, as the DOW remains to be the only index in Negative Territory.  We're heading into a 3 day weekend, ...
02/12/2021
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