Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Retail Sales (both headline and excluding Autos) rose 0.3% in January. Import Price Index remained Unchanged in January. However, Industrial Production dropped 0.3% in January and Capacity Utilization dropped from 77.1% to 76.8%. Consumer Sentiment rose to 100.9...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobless Report rose by 2k to 205k. Consumer Price Index rose by 0.1% in January; however, it's YoY rose from 2.3% to 2.5%. The Core CPI (excluding food and energy) rose 0.2% in January; however, it's YoY remained Unchanged at 2.3%. Stocks are down thi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are Up again today, as DOW and S&P reach new highs. Fed Chair Jerome Powell will be testifying before the Senate today. His talking points from yesterday's testimony will remain the same, however, the Senate may...

By Mike Bjork
(Pinnacle Home Loan)
Comments 4
http://MikesDailyMarketReport.com: The NFIB Small Business Index rose from 102.4 in December to 104.3 in January. This index is a guage to the confidence for Small Business owners. The JOLTS Job Openings dropped from 6.8 million in November to 6.4 million in December. Stocks are Up this morning, ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 4
http://MikesDailyMarketReport.com: There is no economic data to report today, and this week will be relatively quiet. Stocks started in the red this morning, but since has moved into Positive Territory. Investors are checking on China, as businesses begin to re-open after the extended holiday due...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: We have the Jobs data being reported from the Bureau of Labor Statistics. The Non Farm Payrolls came in much hotter than expectations (165k) in January at 225k new jobs. The previous 2 months were revised higher by another 7k. The Unemployment Rate rose from 3.5...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Initial Jobless Claims came in under the forecast, at 202k, which is very good news, as Employers are holding onto their employees. Tomorrow will be the big BLS Jobs data, so stay tuned! Productivity jumped up 1.4%, as did Labor Costs for Q4. Stocks are Up t...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The ADP Payroll came in very hot, as it reported there were 291k new private jobs in January. This is the first of 3 jobs reports that we'll see this week. The biggie, will be on Friday, with the BLS Jobs data. The next 2 reports cover the Services Industry, whi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Factory Orders rose 1.8% in December, as this report is the only one out today. We'll start to see Jobs data beginning tomorrow thru rest of week. Stocks are Up again today, as investors appear to be shrugging off coronavirus news, and looking toward the politic...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Markit Manufacturing PMI dropped a little, from 52.4 to 51.9 in January. While ISM Manufacturing jumped up from 47.8% to 50.9% -going from Contraction to Expansion. Construction Spending dropped by 0.2% in December. Stocks are rebounding after Friday's big sello...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Employment Cost Index rose 0.7% in the 4th Qtr. Personal Income rose only 0.2% in December (below it's forecast of 0.3%); and it's counter-part, Consumer Spending came in at forecast up 0.3%. The Fed's favorite gauge for inflation is the Personal Consumption...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from the revised (+12k) previous week of 223k to 216k last week. The revision is important because it happened on the data for the "sample" week, which will be used as part of the calculation for the Jobs numbers by the Bureau of La...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Pending Home Sales dropped 4.9% in December. If you look into the numbers, then you'll know it's due to the low inventory levels. There's still a lot of demand! The Fed will be giving their announcement later today. No rate changes are expected. The one topic th...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Durable Goods Orders rose 2.4% in December, but if you remove Transportation from those numbers, then it dropped 0.1%. The Defense made large purchases at the end of the year, which skewed the numbers abit, as business investments declined. However, we have a fe...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: New Homes Sales dropped in December to 694k, off from it's seasonally adjusted 697k in November. Stocks are freefalling this morning over growing concerns of the coronavirus. MBS is the benefactor, as it broke above it's ceiling on Friday, and is currently Up 11...

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Comments 0
The Hollywood Riviera is an ideal place to call home for many reasons but certainly high on the list is the location.View the current homes for sale in the Hollywood RivieraSitting between the beach and the hills of the Palos Verdes Peninsula, the Riviera gets the best of both worlds.  It's just ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Markit Manufacturing PMI dropped from 52.4 in December to 51.7 in January; however, Markit Services PMI jumped up from 52.8 in December to 53.2 in January. Stocks are in Positive Territory this morning on some good Earnings Reports from AMEX and Intel, while shr...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobless Claims rose 6k to 211k for this week's report; however, these are relatively low numbers and a good indicator to the strength of the labor market. This week's data holds more importance because it's part of the "sample" week, which is used as ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Existing Home Sales rose from 5.35 million annualized units in November to 5.54 million in December. Stocks reverse earlier concerns over the Coronavirus in China, which a report of one traveller in US was infected with it. Stocks are Up on news that both China ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are taking a bit of a breather today, after a long weekend, and the continuous build-up on stocks. The IMF reported that they revised their 2020 world economic outlook, which was revised lower by 0.1%, including...

Redondo Beach, CA Real Estate Professionals