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By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: This week's Initial Jobless Claims rose from last week's revised number (from 209k) of 208k to this week's of 216k. This week's number is important, as it will be used by the BLS with their Jobs numbers for July. This will be released Aug. 2nd. Manufacturing reb...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Both the Headline Retail Sales and it's sub-component without Autos had the exact reading for the month of July, as it continued the 0.4% MoM growth from May-June and June-July. As we saw from previous Manufacturing Reports in June, the Industrial Production rep...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDaily MarketReport.com: Manufacturing in the NY region improved in July, as the Empire State Index rose from -8.6 to 4.3 -better than most forecasts of 0.5. Stocks are currently in Negative Territory, after they initially started the day in Positive Territory. Today, we got the Unoffi...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Wholesale Inflation remains moderate in June, as it rose 0.1%, and it's YoY dropped from 1.8% to 1.7%. But if you remove uncontrollable variables, as food and energy, the we have the Core PPI, which carries more weight. It rose 0.3% in June, however, it's YoY re...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped to 209k last week. Remember, this was a Holiday shortened week, so we could potentially see a higher number next week. Next week's number will have added significance, as it will be the "sample" number for the BLS with their Jobs d...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Wholesale Inventories rose 0.4% in May. The FOMC Minutes will be released later this morning at 11am PST. This report won't hold as much weight, as in the past. The last meeting took place on June 16th; but since then, we had a terrific Jobs Report, which concer...

By Mike Bjork
(CMG Financial)
Comments 2
http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped from 105.0 in May to 103.3 in June. This index is a gauge with the Small Business sector's confidence. Job Openings shrunk from 7.4 million in April to 7.3 million in May. Stocks are trading in Mixed Territory, as NASDAQ rem...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: There's no economic news scheduled on the Calendar today. Stocks are trading in the Red this morning, as Investors are repositioning their thoughts on the upcoming FOMC at the end of the month. The Jobs data on Friday were better than expected, which thwarted an...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: The BLS released their Jobs report for June, which came in higher than the expected 170k. The number came in at 224k new Jobs. However, the Unemployment Rate ticked Up from 3.6% to 3.7%. This was done, as a result of 335k new people came to the Labor Force. Also...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: ADP had a revision for it's May's numbers, which was revised higher from it's initial of 27k to 41k. It's numbers rose in June, from 41k to 102k; but below it's estimations, which were closer to the 160-180k range. Initial Jobless Claims, also, had a revision fr...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Nothing on the Economic Calendar today. Stocks are in Negative Territory this morning, after yesterday's rally on the euphoria on the agreement between US and China to go back to the table for their Trade Talk. Now Wallstreet is waiting on Job Numbers that will ...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Markit Manufacturing PMI rose from 50.1 in May to 50.7 in June. ISM Manufacturing Index dropped from 52.1% in May to 51.7% in June. Globally, many countries (like China, Japan and Germany) are contracting in Manufacturing. Constructions Spending dropped 0.8% in ...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: A lot on the Economic Calendar today! Starting off with the Personal Income for the month of May, which was up 0.5%; whereas, Consumer Spending was up 0.4% in May. Personal Consumption Expenditure was Up 0.2%, as was the Core PCE (also called Core Inflation) Up ...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Initial Jobless Claims rose to 227k this week, along with a revision of 1k to last week's numbers from 216k to 217k. The Final Revision for the Q1 GDP remained at 3.1%. It will be interesting to see what Q2 provides. Q1 was a lot of build up of Inventories durin...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Durable Goods Orders are still dragging, as Boeing's (737 Max) woes continue to bring down those numbers. April's numbers were revised lower, as the revision led from -2.1% to -2.8%; and it declined 1.3% in May. However, if you remove Transportation, then it imp...

By Mike Bjork
(CMG Financial)
Comments 2
http:MikesDailyMarketReport.com: The Economic Calendar is light today, so the Geo-Political will have the most affect on the Markets today. Stocks are in Mixed Territory, as NASDAQ is currently in the Red. Investors are looking ahead to the G20 Summit in Japan, which begins Friday, when it is exp...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Both Manufacturing and Services Sectors are shrinking according to the Markit Flash PMI Indices. The Markit Flash Manufacturing PMI dropped from 50.5 in May to 50.1 in June. The Markit Flash Services PMI dropped from 50.9 in May to 50.7 in June. Anything above 5...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped from the previous week of 222k to 216k for this week's data. This week's data is important becuase it is being used by the Bureau of Labor Statistic's (BLS) Job Numbers for June, which will be released on July 5th. The lower number...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Today is Fed Day! The Fed wraps up it's 2 day meeting and will provide their decision around 11am PST today, so expect some Market Volatility. All eyes are on the Fed today, as they await their decision. The sentiment is the Fed will set the stage for a July Rat...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Housing Starts came in at 1.27 million annualized units for May compared to a revised (higher) 1.29 million annualized units in April. The revision shows it dropped; but without the revision, it would have rose. Building Permits remained unchanged from April to ...

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