Mike Bjork's (mbjork) Blog

http://MikesDailyMarketReport.com: The Initial Jobless Claims finally dropped below 1 million since the Pandemic, as it reported 963k people applying for unemployment benefits for first time; which last week's number was 1.19 million. Stocks are Mixed today, as the DOW remained the lone index in ...

http://MikesDailyMarketReport.com: The Consumer Price Index rose 0.6% in July, which it's YoY jumped up from 0.6% to 1.0%. The Core CPI (excluding food and energy) also rose 0.6% in July, and it's YoY increased from 1.2% to 1.6%. Stocks are Up this morning on overall good sentiment regarding the ...

http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped from 100.6 in June to 98.8 in July, as many states reconstituted some form of lockdowns. The Wholesale Inflation data rose in July, as the Producer Price Index rose by 0.6% in July; and the Core PPI (excluding Food and Energ...

http://MikesDailyMarketReport.com: No economic data to report today. Stocks are Mixed, as the NASDAQ is lone index in Red. President signed Executive Order to extend portions of the Pandemic Stimulus, including unemployment benefits and assisting renters. There may be legal proceedings to block i...

http://MikesDailyMarketReport.com: The Non Farm Payrolls rose by 1.76 million in July, as it exceeded it's forecast of 1.68 million. Also, the Unemployment dropped from 11.1% in June to 10.2% in July (almost a full percent). The Average Hourly Earnings, also, exceeded it's forecast of -0.5% in Ju...

http://MikesDailyMarketReport.com: Initial Jobless Claims improved this week, as 1.19 million people applied for first time benefits. This is down from last week's 1.44 million; and lower than forecast of 1.40 million. Stocks are Down this morning after a sharp rally yesterday. Not much news, as ...

http://MikesDailyMarketReport.com: We get to look at the first of 3 employment numbers for July today, starting with the ADP Employment. June's numbers were revised higher, from 2.37 million to 4.31 million. However, July's data was sorely disappointing, coming in at 167k. Investors are shaking i...

http://MikesDailyMarketReport.com: Factory orders continued into June with positive results, as it increased by 6.2%. Stocks are lightly trading today in Positive Territory. Investors are watching Congress, as they negotiate a new Stimulus Bill. MBS is currently Up 8, but it has fluctuated higher...

http://MikesDailyMarketReport.com: Markit Manufacturing dropped a little bit in July, as it went from 51.3 in June to 50.9 July. ISM Manufacturing Index rose from 52.6% to 54.2%. Anything above 50 is considered in expansion territory; and the ISM Manufacturing is considered the "gold" standard. C...

http://MikesDailyMarketReport.com: Consumer Spending rose 5.6% in June; while Personal Income dropped 1.1% in June. The Fed's favorite index that gauges inflation Personal Consumption Expenditure(PCE) without the food and energy being added came in very tame in June, as it only rose 0.2% in Mom; ...