Mike Bjork's (mbjork) Blog

http://MikesDailyMarketReport.com:  The Case Shiller Home Price Index (HPI) rose 1.5% in December; and it's YoY increased to 18.6%.  This index measures home appreciation in the 20 Largest Markets in the US.  However, the FHFA Home Price Index rose 1.2% in December, while it's YoY remained Unchan...

http://MikesDailyMarketReport.com:  Existing Home Sales jumped up to 6.5 million seasonally adjusted units in January (up 6.7%), beating expectations of 6.1 million.  However, several variables (like Omicron, inflation, continued issues with supply chain, etc..) slowed down economic activity by 0...

http://MikesDailyMarketReport.com:  Housing Starts dropped by 4.1% in January, as it's down to 1.638 million seasonally adjusted units.  This was partially due to weather and possibly increasing mortgage rates.  If you look inside the numbers, then you'll notice that there were an increase in sin...

http://MikesDailyMarketReport.com:  Retail Sales rebounded in January, as it was reported up 3.8%; however, it's December's number was revised lower, from -1.9% to -2.5%.  Fortunately, Markets are still viewing the January's data as being positive!  Industrial Production exceeded expectations for...

http://MikesDailyMarketReport.com:  Today, we received inflation data for the Wholesale, which doesn't always receive the same respect as it's counter parts (CPI and PCE).  The reason for the lesser importance is that Wholesalers don't always pass along the higher expenses to the Consumer; but ob...

http://MikesDailyMarketReport.com:  There are no economic data  being reported today; however, the rest of the week will get busy with data from Housing, inflation, retail sales and manufacturing.  There were 2 Fed Members speaking today, whom are voting members, so their words carry weight.  The...

http://MikesDailyMarketReport.com:  The Consumer Sentiment dropped to a Decade low, to 61.7 in February from 67.2 in January.  This is the lowest number since 2011.  Investors are still uncertain how the Fed will proceed once the March FOMC begins, as they receive mixed messages from the Fed.  MB...

http://MikesDailyMarketReport.com:  The data that we've been waiting all week has come; and it was a little worse than anticipated!  The Consumer Price Index (CPI) rose by 0.6% for the month of January; as did the Core CPI (excluding food & energy).  The YoY for for CPI rose from 7.0% in December...

http://MikesDailyMarketReport.com:  The Wholesale Inventory rose by 2.2% in December.  We're waiting on the results of the upcoming 10 year Treasury Auction today, which may have an impact with our MBS Market.  If there's a good appetite for them, as they've gone up since the last auction, then i...

http://MikesDailyMarketReport.com:  There's nothing to report on the Economid Calendar today.  This week will be relatively light!  The biggest data will be reported on Thursday, which will be the CPI report, as Inflation is the most important topic now!  There will be a 3 year Treasury Auction t...