Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  Manufacturing in the NY region contracted in April, as the Empire State Index reported that it declined 11.6 on it's index on forecasts of +17.00.  The week ahead has Retail Sales (which may coincide with many Corporate Earnings releases for some of the largest...
05/16/2022
http://MikesDailyMarketReport.com:  The Consumer Sentiment dropped fairly significantly in May, as it went from 65.2 in April to 59.1 in May.  This is an important index to gauge, as Consumer behavior affects whether the economy will weaken or strengthen; and if they're not feeling it, then it co...
05/13/2022
http://MikesDailyMarketReport.com:  The Initial Jobless Claims rose slightly from last week to 203k.  This is people applying for first time benefits.  The good news is that Continuing Claims has continued to decline.  The Producer Price Index (PPI), which measures Wholesale Inflation, rose only ...
05/12/2022
http://MikesDailyMarketReport.com:  The Consumer Priced Index (CPI) rose 0.3% in April while it's YoY dropped from 8.5% to 8.3%, missing expectations of 8.1%.  The Core CPI (excludes food and energy) rose 0.6% while it's YoY dropped from 6.5% to 6.2%, also missing it's forecasts of 6.0%.  One of ...
05/11/2022
http://MikesDailyMarketReport.com:  There are no economic data to report today.  The Markets are preparing themselves for tomorrow when the CPI is released.  This will have the biggest impact this week, as Investors are looking for confirmation that inflation has peaked.  Stocks have been selling...
05/10/2022
http://MikesDailyMarketReport.com:  Wholesale Inventories maintained their pace with 2.3% increase for March.  There's not a lot of Economic Data to be released this week, so most focus will be on the upcoming inflation data by CPI and PPI.  Investors will be looking for possible acknowledgement ...
05/09/2022
http://MikesDailyMarketReport.com:  Average Earnings rose only 0.3%, coming in under forecasts.  Hopefully, this is an indicator that wage inflation is stabilizing.  Non-Farm Payrolls reported 428k new jobs for April, beating expectations!  However, the Unemployment remained unchanged at 3.6%; li...
05/06/2022
http://MikesDailyMarketReport.com:  The Bank of England's announcement started off our calendar today, as they hiked their rates up by 0.25%.  Meanwhile, Initial Jobless Claims rose back up to 200k.  Challenger Layoffs announced an additional 3 million job layoffs to come.  However, the Continuin...
05/05/2022
http://MikesDailyMarketReport.com:  ADP reported 247k new jobs for Private Payroll in April, which came in much lower than forecast.  ISM Non-Manufacturing PMI dropped from 58.3 in March to 57.1 in April, which it slowed with the Services sector, like it's counterpart in Manufacturing in yesterda...
05/04/2022
http://MikesDailyMarketReport.com:  Factory Orders exceeded expectations for March and rose by 2.2% on forecasts of 1.1%.  Also, February's data was revised from -0.5% to +0.1%.  The Fed begins their 2 day meeting (FOMC), which they'll be providing their announcement tomorrow.  It is widely expec...
05/03/2022