Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  The Bureau of Labor Statistics (BLS) released several Jobs reports today for the month of May.  They reported that Average Earnings rose 0.3%, while the Average Workweek remained Unchanged at 34.6 hrs.  The Non-Farm Payrolls came in with 390k and an upward revi...
06/03/2022
http://MikesDailyMarketReport.com:  ADP revised their April report lower to 202k (off from 247k).  It's May report came in (underwhelmingly) at 128k.  The Initial Jobless Claims reported 200k applied for first time benefits last week.  Labor Costs for the first Quarter were revised higher by 1% t...
06/02/2022
http://MikesDailyMarketReport.com:  The ADP Private Payrolls would normally be released today, but it was rescheduled for tomorrow; along with the Initial Jobless Claims.  Constructions Spending rose only 0.2% for April, as forecasts called for 05%.  The ISM Manufacturing PMI rose to 56.1%.  This...
06/01/2022
http://MikesDailyMarketReport.com:  This week will be about Jobs data, starting tomorrow with the ADP and ending on Friday with the Non-Farm Payrolls and Unemployment Rate from the Bureau of Labor Statistics.  Today, we have 2 Home Price Indices (HPI) for the month of March.  The Case Shiller HPI...
05/31/2022
http://MikesDailyMarketReport.com:  Consumer Spending's March data was revised higher by 0.3% to 1.4%; while April it rose by 0.9%.  However, it's counter-part, Personal Income, only rose 0.3% in April.  Consumer Sentiment dropped from 59.1 in April to 58.4 in May.  Now, the big news!  Personal C...
05/27/2022
http://MikesDailyMarketReport.com:  Initial Jobless Claims dropped by 8k from last week's data to 210k; however, Continued Claims rose from 1.315 million to 1.346 million from last week's report.  The 2nd preliminary data report from GDP worsened by 0.1% to showing a contraction of 1.5% for Q1.  ...
05/26/2022
http://MikesDailyMarketReport.com:  The Durable Goods Orders had a lower revision to it's March report, as it went from 1.1% to 0.6%.  It's April's report underwhelmed at 0.4% after forecasts were calling for 0.6%.  Later today, the FOMC Minutes will be released, which could impact the Markets in...
05/25/2022
http://MikesDailyMarketReport.com:  The Markit Manufacturing PMI, as expected dropped to 57.5 in May; and Markit Services PMI dropped to 53.8, below expectations.  New Home Sales dropped 16.6% in April to 591k of seasonally adjusted units, as the spike in Mortgage Rates takes it's toll on New Hom...
05/24/2022
http://MikesDailyMarketReport.com:  There are no economic data to report today.  The rest of the week will have some important data being released, such as, Durable Goods, GDP and the biggie, PCE.  Stocks are Up today, as Investors are buying on the Dip, but also on some reports that the Biden Ad...
05/23/2022
http://MikesDailyMarketReport.com:  There are no economic data to report today.  Next week, we'll have a number of important data, but the most important will be the Personal Consumption Expenditure (PCE) on Friday.  This is the Fed's favorite index to gauge Consumer Inflation.  MBS is pretty muc...
05/20/2022
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