Mike Bjork's (mbjork) Blog

http://MikesDailyMarketReport.com:  New Homes Sales rose 1.5% in August, as it went from 729k annualized unit in July to 740k in August.  Stocks are Down today, as Investors await Evergrande's debt payment due yesterday.  They do get a 30 grace period, so if it comes down to wire, then watch inve...

http://MikesDailyMarketReport.com:  The Initial Jobless Claims rose to 351k this past week; and the Continued Claims spiked a bit, as more people remained on Unemployment.  The IHS Markit PMI released their Services and Manufacturing data for September.  Anything above 50 is expansion or optimism...

http://MikesDailyMarketReport.com:  The Existing Home Sales dropped 2.0% in August, as July's data was revised slightly higher (from 5.99 million annualized units to 6.00 million).  It was reported at 5.88 million in August.  The Fed will be wrapping up it's 2 day meeting (FOMC) today, which they...

http://MikesDailyMarketReport.com:  Housing Starts rose by 3.9% in August, while Building Permits (future Housing Starts) rose by 6.0%.  If you recall yesterday, that we had a slight uptick in the Home Builder Confidence.  Stocks are Up after yesterday's bloodbath (being blamed on Evergrande).  I...

http://MikesDailyMarketReport.com:  The NAHB Home Builders Index rose 1 point to 76 in September, as Home Builders gain some confidence.  Stocks are taking a beating today, as China's Evergrande HK is making big headlines.  They're a top 3 real estate developer that is facing financial collapse, ...

http://MikesDailyMarketReport.com:  The Consumer Sentiment reported it's mid-September number rose from 70.3 to 71.0.  We'll receive September's final reading toward the end of the month.  Meanwhile, Stocks are facing volatility, as today is the Quadruple Witching (expiration of options for 4 dif...

http://MikesDailyMarketReport.com:  Retail Sales surprised the Markets by posting an increase of 0.7% in August, as economists were projecting a drop.  When you exclude Autos, then it jumped up 1.8%.  The Philly Fed Index jumped up from 19.4 in August to 30.7 in September.  This index gauges the ...

http://MikesDailyMarketReport.com:  Manufacturing in the NY region spiked in September, as the Empire State Index reported it jumping from 18.3 in August to 34.3 in September.  Also, Industrial Production rose 0.4% in August.  Investors were pleased with the data, as Stocks are trading in Positiv...

http://MikesDailyMarketReport.com:  The big report for this week was released, which is the CPI, or Consumer Price Index.  This index measures inflation on the Consumer level.  The CPI rose 0.3% in August, however, it's YoY dropped by 0.1% to 5.3%.  The Core CPI, which excludes food and energy (a...

http://MikesDailyMarketReport.com:  There's no economic data to report today, but the CPI tomorrow and retail sales on Thursday will be the big headline items for this week.  Also, we need to look toward next week when the FOMC begins their 2 day meeting.  Here, we'll find out if the Fed will pro...