Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  The Non-Farm Payrolls reported only 199k new jobs for December, far off the 400k forecasts; and much differently than the 807k that the ADP reported on Wednesday.  Even with the November revision from 210k on the initial report to 249k, it's still not enough.  ...
01/07/2022
http://MikesDailyMarketReport.com:  The Initial Jobless Claims rose to 207k people applying for first time benefits last week.  The Challenger Layoff (announced layoffs) jumped up from 14.875 million in November to 19.052 in December.  Lastly, the Continued Claims rose from 1.718 million in last ...
01/06/2022
http://MikesDailyMarketReport.com:  The ADP released their data for Private Payrolls for the month of December today, which came in very HOT!!!!  It is being reported that 807k Private Payrolls were created in December, which is about twice as much as forecasted.  This is the first of the jobs da...
01/05/2022
http://MikesDailyMarketReport.com:  Manufacturing slowed a bit in December, as the ISM Manufacturing PMI dipped from 61.1% in November to 58.7% in December.  Anything above 50 is considered expansion or growth.  This week, we'll get Jobs data.  Check out the video to see what the Labor Dept repor...
01/04/2022
http://MikesDailyMarketReport.com:  Construction Spending rose 0.4% in November; which is the only economic data being reported today.  This week will host the Jobs data, which will be the most relevant data to be reported this week; however, there will be some competition on the release of the F...
01/03/2022
http://MikesDailyMarketReport.com:  Jobless Claims dropped down to 198k last week, as more people come off unemployment.  Also, manufacturing is still pretty hot in the Chicago region, as the Chicago PMI rose to 63.1 in December.  Investors are replacing their concerns of the Omicron variant with...
12/30/2021
http://MikesDailyMarketReport.com:  Pending Home Sales dropped 2.2% in November, as it went from 125,200 seasonally adjusted units in October to 122,400 in November.  Also, the last auction of the year was today, with the 7 year Treasuries, which was a disappointment. Investors concerns over the ...
12/29/2021
http://MikesDailyMarketReport.com:  There are 2 HPIs (Home Price Indexes) being released today.  The first is from Case Shiller HPI, which follows the 20 largest US Markets.  It increased by 0.9% in October; and it's YoY dropped from 19.1% in September to 18.4% in October.  The FHFA HPI jumped up...
12/28/2021
http://MikesDailyMarketReport.com:  This week should be another rather quiet and short week (Markets will be closed on Friday for New Year's).  There are no economic data to be reported today, but there will be some data being reported for the rest of the week.  Due to illiquidity in the Markets,...
12/27/2021
http://MikesDailyMarketReport.com:  The Market is about to close early today for Christmas, as it will be closed tomorrow.  The Economic Calendar does have a lot of data being released today, so we'll start with Personal Income rising 0.4% in November, while Consumer Spending rose 0.6%.  The PCE ...
12/23/2021