Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  There's nothing to report on the Economid Calendar today.  This week will be relatively light!  The biggest data will be reported on Thursday, which will be the CPI report, as Inflation is the most important topic now!  Also, we'll have some Treasury Auctions t...
02/07/2022
http://MikesDailyMarketReport.com:  The Average Earnings rose 0.7% in January; however, Average Work week Hours dipped from 34.7 to 34.5.  The Non Farm Payrolls shocked the Markets today with 467k new jobs in January; and it's December's numbers were revised much higher (from 199k to 510k).  This...
02/04/2022
http://MikesDailyMarketReport.com:  The Initial Jobless Claims dropped 23k from last weeks report to 238k this week's report.  The initial or preliminary look at Labor Costs for Q4 were up only 0.3% after seeing 9.3% in the Q3.  Hopefully, this means that inflation will subside!  Meanwhile, the p...
02/03/2022
http://MikesDailyMarketReport.com:  The first Jobs data for this week was released and sorely missed it's forecast.  The ADP's Private Payrolls lost 301k jobs last month (in January); and it's December's numbers were revised lower, from 807k to 776k.  Most of this is being attributed to the omicr...
02/02/2022
http://MikesDailyMarketReport.com:  The ISM Manufacturing PMI dropped from 58.8 in December to 57.6 in January.  Anything above 50 is considered expansion with this index.  Construction Spending rose only 0.2% in December (missing forecasts of 0.6%).  If you look inside the ISM Manufacturing PMI ...
02/01/2022
http://MikesDailyMarketReport.com:  The Chicago PMI, which gauges manufacturing within the Chicago region, reported an increase to 65.2 in January.  Anything above 50 is considered expansion.  Stocks are trying to improve today, as January was a hard month for them.  The main factor for Investors...
01/31/2022
http://MikesDailyMarketReport.com:  We have several important data to report from the Economic Calendar today.  We'll start off with the Employment Costs, which rose 1.0% in the 4th Quarter.  This has been an important component for inflation.  Personal Income rose 0.3% in December; while, Consum...
01/28/2022
http://MikesDailyMarketReport.com:  We have several important economic data being reported today, which we'll start with the initial Q4 GDP, which came in pretty hot, at 6.9%.  However, Durable Goods dropped 0.9% in December; but, if you exclude Transportation (which have large numbers and can sk...
01/27/2022
http://MikesDailyMarketReport.com:  Even though we're awaiting the Fed's Announcement at 11:15am PST, we still have New Home Sales data for the month of December, which rose by 11.9% to 811k seasonally adjusted annualized units.  Markets are awaiting the Fed's Announcement and positioning themsel...
01/26/2022
http://MikesDailyMarketReport.com:  Today, we have 2 HPI (Home Price Index) reports.  The first is Case Shiller HPI, which gauges the 20 largest US Markets.  It rose 1.2% MoM in November and dipped 0.2% to 18.3% YoY.  However, FHFA HPI rose 1.1% MoM in November and it's YoY rose 0.1% to 17.5%.  F...
01/25/2022
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Mike Bjork

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