Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  Wholesale Inventories rose 0.8% in January, which came in as expected.  Later this morning, there will be a 3 year Treasury Auction, but it shouldn't impact the Markets much, but tomorrow's 10 year will have more of an impact.  Stocks are Up, especially the Ene...
03/08/2022
http://MikesDailyMarketReport.com:  Today, there are no economic data to report; and this week will be very light, with the exception of Thursday, which will contain inflation data (CPI).  Markets are taking it's queue from the 12th day of Ukraine/Russia war, as oil reaches $130/barrel and US, al...
03/07/2022
http://MikesDailyMarketReport.com:  Today, we receive the Jobs data from the Bureau of Labor Statistics (BLS), which is the data we've been waiting on.  We'll start with the Average Work Week for February, which rose by 0.1 hrs to 34.7 hrs.  Average Earnings remained Unchanged for February, which...
03/04/2022
http://MikesDailyMarketReport.com:  We're seeing improvement with Jobs, as Challenger Layoffs dropped nearly 5 million in February to 15.245.  These are announced layoffs.  The second Jobs data for this week is the Weekly Initial Jobless Claims, which dropped down to 215k for last week.  However,...
03/03/2022
http://MikesDailyMarketReport.com:  The ADP released their data today, which is the first jobs data for this week.  The January data had a HUGE revision upwards, after last month disrupting the Market, as it was revised from being Down 301k to being Up 509k.  800k MISS!!!!  Can't understand that ...
03/02/2022
http://MikesDailyMarketReport.com:  The ISM Manufacturing PMI rose to 58.6 in February.  Anything above 50 is considered expansion/growing.  Construction Spending had a big revision for it's December data, which was revised from 0.2% to 0.8%; and it's January's data came in up 1.3%.  This latter ...
03/01/2022
http://MikesDailyMarketReport.com:  The Chicago PMI dramatically dropped from 65.2 in January to 56.3 in February.  This index measures the business and manufacturing activity in the Chicago region.  Anything above 50 is considered expansion.  The Big tickets for the Economic Calendar this week w...
02/28/2022
http://MikesDailyMarketReport.com:  The big data point for this week was released today, which is the Personal Consumption Expenditure (PCE).  This carries a lot of weight, as it is the Fed's favorite gauge for inflation.  The Headline Number rose 0.6% in January, while it's YoY rose to 6.1%.  It...
02/25/2022
http://MikesDailyMarketReport.com:  Initial Jobless Claims dropped to 232k last week with Continuing Claims decreasing too.  The second look at the Q4 GDP increased to 7.0% (from 6.9%), as we'll receive the final reading next month.  New Home Sales dropped 4.5% to 801k seasonally adjusted annuali...
02/24/2022
http://MikesDailyMarketReport.com:  We don't have anything to report on the Economic Calendar today; however, there is a 5 year Treasury Note Auction at 10am PST, which may have some impact with the Market today.  The main culprit for impacting both the Stock Market and MBS Market adversely today...
02/23/2022
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