Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652

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2021 

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http://MikesDailyMarketReport.com: Consumer Spending dropped 0.2% in December.  The Core PCE rose YoY to 1.5% in December.  This index is what the Fed uses to gauge their inflationary data and want a target range of approximately 2.0%.  Employment Costs rose 0.7% in Q4, which is another inflation...
01/29/2021

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http://MikesDailyMarketReport.com:  Initial Jobless Claims dropped this week to 847k people applying for first time unemployment benefits from last weeks revised number of 914k.  Also, it's reported that continuing claims have decreased to less than 5 million now.  That's good news, as more peopl...
01/28/2021

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http://MikesDailyMarketReport.com:  The Durable Goods Orders disappointed in December, as it only increased by 0.2% on forecasts of 0.9%.  Today, the Fed wrapped up it's 2 day meeting (FOMC) and pretty much kept the language intact; including their commitment of purchasing assets (Treausuries and...
01/27/2021

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http://MikesDailyMarketReport.com: Today, we have a few Home Price Indexes gauging Home Appreciation on a Year over Year basis.  The Case Shiller HPI rose from 8.0% in October to 9.1% in November; and the FHFA HPI rose from 10.3% in October to 11.0% in November.  Also, Consumer Confidence rose fr...
01/26/2021

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http://MikesDailyMarketReport.com:  We don't have any economic data to report today; and Stocks are in the Red this morning.  Investors are watching for Q4 Earnings Reports being released this week, which we have a few large cap companies reporting (this week).  Also, Investors will be watching f...
01/25/2021

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http://MikesDailyMarketReport.com: The Markit Services Services PMI indicated growth in Januayr, as it rose from 54.8 in December to 57.5 in January; and it's counter-part, Markit Manufacturing PMI rose from 57.1 in December to 59.1 in January.  Anything above 50 in these indices indicates expans...
01/22/2021

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http://MikesDailyMarketReport.com: After yesterday's disappointing news on Home Builders Confidence, we receive good news on Housing Starts for December, as they jumped from a revised November number of 1.578 million seasonally adjusted data to 1.669 million for December; and Building Permits (fu...
01/21/2021

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http://MikesDailyMarketReport.com: The NAHB Home Builders Index dropped from 86 to 83 in January.  This index shows the Confidence level for Home Builders.  Stocks are Up this morning, as we receive some of the Q4 Corporate Earnings Reports.  The Geopolitical news have been more of an impact with...
01/20/2021

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http://MikesDailyMarketReport.com: There are no economic data to report today.  Today is pretty quiet in the Markets.  Stocks are Up this morning.  Janet Yellen, whom will become the new Treasury Secretary, will be speaking before Senate today to encourage them in supporting a larger Stimulus Pac...
01/19/2021

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http://MikesDailyMarketReport.com:   We have a number of items on the Economic Calendar today, which we'll start with the Producer Price Index for the month of January.  The PPI rose 0.3% in January; whereas it's Core PPI (excludes food and energy)  rose 0.1% and it's YoY dropped from 1.4% to 1.2...
01/15/2021
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