Mike Bjork's (mbjork) Blog

http://MikesDailyMarketReport.com:  The Initial Jobless Claims continued to drop, which is good news.  Last week, only 166k filed for first time benefits; and the previous week was revised lower (from 202k to 171k).  However, the Continued Claims rose last week to 1.523 million; and the previous ...

http://MikesDailyMarketReport.com:  The Mortgage Loan Activity reported by the MBA show both Purchase and Refinance sides to have declined from last week, but Purchase side is still showing some resiliency.  The BIG wait happened today, as Investors reviewed the FOMC Minutes.  As they feared, the...

http://MikesDailyMarketReport.com:  The ISM Non-Manufacturing PMI jumped up to 58.3 in March.  Anything above 50 is considered expansion.  The Big Market Mover today, which is being received negatively by both Markets, are comments by Fed Vice Chair Brainard.  Lael Brainard is typically a dove, b...

http://MikesDailyMarketReport.com:  The only data on the Economic Calendar is the Factory Orders for February, which contracted by 0.5%.  However, we'll receive the FOMC Minutes on Wednesday, which can be a Market Mover.  Stocks are Up today on filings that Elon Musk took in a large share of Twit...

http://MikesDailyMarketReport.com:  Today is the Big Jobs data by the  Bureau of Labor Statistics (BLS).  We'll start with the Average Workweek Hours, which shrunk by 0.1 to 34.6 hrs/week.  The Non Farm Payrolls for March came in a bit shy of it's forecast at 431k; however, it's still considered ...

http://MikesDailyMarketReport.com:  Today is Day 2 of March Jobs Data, which the Initial Jobless Claims rose back above 200k, at 202k last week.  Also, The Challenger Layoffs (Job Layoff Announcements) jumped up by approximately 6 million.  Something we'll need to watch, as that's a pretty big sp...

http://MikesDailyMarketReport.com:  The ADP report came out better than expected for March, which reported 455k new jobs in the Private Sector; and it's February data was revised higher, from 475k to 486k.  However, the final revision for the Q4 GDP came in a bit lower, at 6.9%, which we can expe...

http://MikesDailyMarketReport.com:  The Case Shiller Home Price Index (HPI), which measures the 20 largest Markets rose by 1.8% in January to 19.1% YoY.  Likewise, the FHFA HPI rose by 1.6% and it' YoY rose to 18.2%.  Funny thing, Consumer Confidence data for February was reduced from it's initia...

http://MikesDailyMarketReport.com:  There is nothing on the economic calendar today; however, there will be some important data being released this week, which include the Fed's favorite gauge for inflation (PCE); Jobs data; GDP for Q4; and Home Price Indices.  There is not much new news of late,...

http://MikesDailyMarketReport.com:  Pending Home Sales dropped by 4.1% in February to 104.9k seasonally adjusted units.  Meanwhile, Consumer Sentiment dropped by 0.3 to 59.4 in March, as Consumers watch Fed Hikes, Inflation, Ukraine/Russia Conflict unfold.  Markets are reacting to very hawkish co...