Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
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
http://MikesDailyMarketReport.com: Initial Jobless Claims saw a very large spike in this week's report for people applying for first time benefits.  It jumped up to 965k.  Even the Continuing Claims rose by 200k+, as this was decreasing each week.  Obviously, this is mostly due to renewed Lockdow...
01/14/2021
http://MikesDailyMarketReport.com:  Today, we have consumer inflation report by Consumer Price Index (CPI).  The MoM data for December rose 0.4% and it's YoY rose from 1.2% to 1.4%.  However, it's Core CPI (excludes volatility from food and energy; and holds more weight in impact to Markets) rose...
01/13/2021
http://MikesDailyMarketReport.com:  We don't have any economic data to report today; however, there will be a 10 year Treasury Auction, which can impact the Markets especially; as Yields have been rising dramatically since last week amidst the big Selloff with no end yet in sight!  Stocks are Dow...
01/12/2021
http://MikesDailyMarketReport.com:  There are no economic data to report today.  Stocks are Down today after last week's Rally Mode.  After last week's Protests, Investors are a bit concerned that Congress will put the extra stimulus on hold in lieu of President Trump's Impeachment hearing, which...
01/11/2021
http://MikesDailyMarketReport.com: Today, we receive the data from the Bureau of Labor Statistics (BLS) regarding Jobs data.  We'll start off with the Average Earnings, which rose 0.8% in December.  The Non-Farm Payrolls had a revision in November from 245k (initial report) higher to 336k; howeve...
01/08/2021
http://MikesDailyMarketReport.com: The Initial Jobless Claims technically dropped by 3k to 787k people applying for Unemployment because last week's report was revised higher by the same amount.  Also, we're still seeing a positive trend that Continuing Claims is declining each week.  The ISM Non...
01/07/2021
http://MikesDailyMarketReport.com: The ADP reported a decline of 123k jobs in the Private Sector for the month of December.  This is the first decline since the lockdowns began in March.  However, Factory Orders rose by 1.0% in November.  Stocks are Up this morning on news that there may be a Blu...
01/06/2021
http://MikesDailyMarketReport.com: The ISM Manufacturing PMI rose to 60.7 in December (beating forecasts).  Stocks are Up this morning, as Investors watch the Georgia runoff today; and determine which Political Party will control the Senate.  This is having the most impact with the Markets today....
01/05/2021
http://MikesDailyMarketReport.com: Construction Spending is the only economic data released this morning, which was slightly lower than forecasts at 0.9% for November.  We'll see jobs data this week.  Stocks are Down this morning, as we begin the first trading day of the year.  Investors are watc...
01/04/2021
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