19 NOV 2024 Market Close & Major Financial Headlines: Small Caps Rise Again While The Dow Sinks Five Sessions In A Row, Markets Close Mixed

Summary Of the Markets Today:

  • The Dow closed down 120 points or 0.28%,
  • Nasdaq closed up 196 points or 1.04%,
  • S&P 500 closed up 23 points or 0.40%,
  • Gold $2,638 up $23.10 or 0.88%,
  • WTI crude oil settled at $70 up $0.37 or 0.53%,
  • 10-year U.S. Treasury 4.394 down 0.020 points or 0.453%,
  • USD index $106.19 down $0.08 or 0.08%,
  • Bitcoin $92,760 up $0,967 or 1.05%, (24 Hours), (New Bitcoin Historic high 92,911)

*Stock data, cryptocurrency, and commodity prices at the market closing

Today’s Highlights

The major indexes closed mixed as Wall Street largely shrugged off concerns about potential nuclear escalation in the Russia-Ukraine conflict. The NASDAQ Composite was the standout performer with Nvidia playing a key role in boosting the NASDAQ, with its stock climbing nearly 5% following bullish analyst notes ahead of its earnings report on Wednesday. Earlier in the day, markets reacted to geopolitical tensions after Russia updated its nuclear doctrine. This led to initial gains in safe-haven assets like US bonds and gold. Bitcoin prices reached a new record above $93,500 per token. Treasury yields declined, with the 10-year yield falling about 4 basis points. Gold prices increased nearly 1%, trading above $2,600 per ounce.


Click here to read our current Economic Forecast – November 2024 Economic Forecast: Our Index Marginally Declines – We Are Stuck With The Crappy Economy We Have Seen So Far This Year


Today’s Economic Releases Compiled by Steven Hansen, Publisher:

Privately owned housing units authorized by building permits in October 2024 were 7.7% below October 2023. Privately-owned housing starts is 4.0% below October 2023. Privately-owned housing completions 16.8% above October 2023. The number of finished but unsold new homes is at its highest level since 2009, when the market was still recovering from the global financial crisis. In the second graph below, the blue line is units under construction showing a decline in homes under construction. So it is important to reduce the amount of houses being constructed including those being permitted and starting construction – and in the second graph below you can see this happening.

Here is a summary of headlines we are reading today:

  • Trump Administration to Fast-Track Self-Driving Car Regulations
  • Drill Baby Drill Returns as G20 Drops Fossil Fuel Phase-Out from Final Draft
  • Oil Prices Level Out Amid Production Outages and Russia/Ukraine Escalations
  • Escalation in Ukraine War Brings Back Geopolitical Risk in Oil
  • Europe’s Largest Oilfield Resumes Production After Power Outage
  • Nasdaq jumps 1% as Wall Street looks past Russia-Ukraine tensions, Nvidia shares surge: Live updates
  • Nvidia earnings are more important to the market than the Fed and jobs data, according to options market
  • Bitcoin rises to new record above $94,000: CNBC Crypto World
  • Super Micro shares soar 31% after company names new auditor to help keep Nasdaq listing
  • Netanyahu Signals Rejection Of Lebanon Truce: ‘Israel Will Continue To Operate Against Hezbollah’
  • Here’s what bond and gold traders are signaling about Russia’s nuclear shift
  • Treasury yields end at lowest in over a week after Putin signs new nuclear doctrine

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Looking Back at October 2024 Weather for the U.S. and the World – Posted on November 19, 2024

Much of the information in this report comes from the monthly emails I receive from John Bateman. He does public outreach for NOAA and in particular NCEI. I could find the same information and more on the NCEI website but John Bateman produces a good summary so I use it or most of it. I also add additional information from NCEI or other NOAA websites. At the end of the article, I provide links that will get you to the full reports and much additional information.

 My comments if any are in boxes like this one.

I start with the trends of October 2024 Temperature looking at North America and then the World both land and water and land only. There is a graphic for just CONUS but the format is different and it is not as easy to read.

This is the temperature trend for the month of October in North America. It covers a larger geographical area than just CONUS but I find it easier to read. It looks like the October temperature was a record for the month of October.

The temperature for the world, land and ocean did not hit a new record. But the temperature for October this year and last was a lot higher than the trend.

The temperature for the world, (land only) may have hit a new record but was mostly tied with October of last year. Notice that land temperatures increase faster than land and ocean as water takes more energy.

To read the rest of this article some will have to click on “Read More”.

Weather Outlook for the U.S. for Today Through at Least 22 Days and a Six-Day Forecast for the World: posted November 19, 2024

This article focuses on what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term U.S. outlooks (up to four weeks) and a six-day World weather outlook which can be very useful for travelers.

First the NWS Short Range Forecast. The afternoon NWS text update can be found here after about 4 p.m. New York time but it is unlikely to have changed very much from the morning update. The images in this article automatically update.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
Tue Nov 19 2024
Valid 12Z Tue Nov 19 2024 – 12Z Thu Nov 21 2024

…Powerful Pacific low pressure system to produce significant high wind
impacts and heavy mountain snow across the Northwest, while a strong
atmospheric river takes aim at northern California by Wednesday…

…Potent storm system over the northern Plains to produce gusty winds and
locally heavy snow throughout the region before a redeveloping area of low
pressure brings unsettled weather to the Great Lakes, central
Appalachians, and Northeast from midweek onward…

…Heavy rain and flash flooding potential continues throughout portions
of the central and eastern Gulf Coast today…

No shortage of active weather across the Nation this week as two separate
strong low pressure systems produce hazardous conditions in the form of
high winds, heavy rain, and snowfall. Starting with the Pacific Northwest,
a rapidly strengthening and extremely powerful low pressure system
forecast to pass roughly 300 miles west of the Olympic Peninsula tonight
is anticipated to begin impacting the region today. Damaging winds with
gusts up to 70 mph are possible across northern California, as well as
parts of Oregon and Washington, with the highest winds expected along the
coast and high terrain. These winds are likely to produce numerous power
outages and tree damage in the most impacted regions. When combined with
heavy snowfall at the higher elevations, blizzard conditions are in the
forecast throughout the Washington Cascades. As an associated frontal
boundary slides southeastward and stalls near northern California on
Wednesday, a deep and continuous plume of anomalous atmospheric moisture
content will flow into the Redwood Coast of California and northern
mountain ranges of the Golden State. Heavy rain and rising snow levels
will increase the threat of numerous floods and potential mudslides,
exacerbated by the duration of heavy rainfall through the end of the week.
In fact, WPC has issued a High Risk (level 4/4) of Excessive Rainfall
across parts of northwest California on Thursday in order to further
highlight this flooding threat. Residents and visitors throughout the
Northwest are urged to have multiple ways to receive warnings, listen to
advice from local officials, and avoid traveling through hazardous weather
conditions if possible.

In the north-central U.S. another potent low pressure system is lifting
northward and producing unsettled weather of its own across the Upper
Midwest and northern Plains today. A tight pressure gradient being
produced by the storm is forecast to create strong winds across much of
Nebraska, eastern Montana, and the Dakotas through Wednesday with maximum
wind gusts up to 65 mph possible. Strong winds may also overlap with
moderate to locally heavy snow throughout North Dakota and northwest
Minnesota as the storm system stalls tonight over south-central Canada.
Probabilities for at least 6 inches of total snowfall are high (>70%)
across northern North Dakota. Meanwhile, scattered showers are forecast to
spread eastward into the Midwest, Great Lakes, and eventually the
Mid-Atlantic ahead of an advancing cold front today. By Wednesday night, a
redeveloping low pressure system rapidly strengthening over the Great
Lakes will help produce another round of precipitation over the Great
Lakes, central Appalachians and Northeast through the end of the week. The
greatest impacts from this precipitation is expected throughout the higher
elevations of West Virginia and western Maryland, where up to a foot of
snowfall is possible through Friday.

Elsewhere, heavy rain and a risk for scattered flash floods remains a
concern across the central and eastern Gulf Coast as a cold front, weak
area of low pressure, and ample atmospheric moisture content spark
numerous showers and thunderstorms capable of containing intense rainfall
rates through tonight. The greatest risk for flash flooding specifically
exists from far eastern Louisiana to the western Florida Panhandle, with
urban and poor drainage regions most susceptible to rapid water rises.

Temperatures will be on a roller coaster ride this week as well above
average temperatures are found in the East before an advancing cold front
knocks readings down below average by Thursday. Meanwhile, cooler
temperatures over much of the West are forecast to return to near normal
as upper ridging builds into place.

To get your local forecast plus active alerts and warnings click HERE and enter your city, state or zip code.

Learn about wave patterns HERE.

Then, looking at the world and of course, the U.S. shows here also. Today we are looking at precipitation.

Please click on “Read More” below to access the full Daily Report issued today.

18 NOV 2024 Market Close & Major Financial Headlines: Wall Street’s Three Main Indexes Opened Mixed, Oil Gains Over 3%, Nvidia Slips, Small Caps Close Higher In The Green

Summary Of the Markets Today:

  • The Dow closed down 55 points or 0.13%,
  • Nasdaq closed up 112 points or 0.60%,
  • S&P 500 closed up 23 points or 0.39%,
  • Gold $2,614 up $43.80 or 1.71%,
  • WTI crude oil settled at $69 up $2.03 or 3.03%,
  • 10-year U.S. Treasury 4.422 down 0.004 points or 0.090%,
  • USD index $106.23 down $0.46 or 0.43%,
  • Bitcoin $91,835 up $2,241 or 2.44%, (24 Hours)

*Stock data, cryptocurrency, and commodity prices at the market closing

Today’s Highlights

Major indices closed mixed today. Tesla shares jumped over 5% following a Bloomberg report suggesting a potential easing of self-driving vehicle rules under the Trump administration. The stock continues its post-election surge, driven by expectations of reduced regulations. The tech sector showed signs of recovery. Energy stocks rose as oil prices increased. Investors are anticipating NVIDIA’s earnings report gauging the strength of the AI trade. Trump Media & Technology Group gained 16% on reports of a potential Bakkt acquisition. Bitcoin rebounded, trading above $91,000. Federal Reserve signals may impact expectations for rate cuts. The market remains volatile, with tech stocks and post-election rally dynamics playing a significant role in trading sentiment.


Click here to read our current Economic Forecast – November 2024 Economic Forecast: Our Index Marginally Declines – We Are Stuck With The Crappy Economy We Have Seen So Far This Year


Today’s Economic Releases Compiled by Steven Hansen, Publisher:

The October 2024 Survey of Consumer Expectations (SCE) Credit Access Survey from the Federal Reserve Bank of New York reveals credit demand remained relatively stable in 2024, but rejection rates increased across various types of credit: Rejection rates rose for credit cards, mortgages, auto loans, credit card limit extensions, and mortgage refinances. Auto loan and mortgage refinance rejection rates reached new highs since the survey began in 2013. Lender-initiated account closures increased to a new series high. Looking ahead, consumers anticipate a lower likelihood of applying for credit overall in the next 12 months with a decreased probability of applying for new credit cards or mortgages. The bottom line is a lower percentage of people are applying and even a larger amount of people are being rejected for a loan.

Here is a summary of headlines we are reading today:

  • U.S. Imports Surge: Cars, Oil, and Tech Lead the Charge
  • U.S. Approves Long-Range Missile Strikes Inside Russia
  • From Beijing to Riyadh: Trump’s Blueprint for U.S. Dominance
  • U.S. Electricity Exports to Canada Jump
  • US Gasoline Prices Set To Fall Below $3 per Gallon Ahead of Thanksgiving
  • Saudi Arabia’s Crude Oil Exports Hit a 3-Month High in September
  • War Premium Returns to Oil Market After Biden’s Ukraine Decision
  • Stanley Druckenmiller piled into regional banks and made this health-care stock his biggest bet
  • Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses
  • Tesla stock pops after report Trump wants to relax U.S. self-driving rules
  • Dental supply stock surges on RFK’s anti-fluoride stance, activist involvement
  • Hamas Guns Down 20 Palestinians After Over 100 Aid Trucks ‘Violently Looted’
  • Lenders reject homes with spray foam insulation
  • Gold down, Bitcoin up! How Trump’s victory changed financial market dynamics
  • 10-year Treasury yield ends at nearly 2-week low amid near-term consolidation
  • Oil gains over 3% after U.S. approves Ukraine use of long-range missiles inside Russia

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Weather Outlook for the U.S. for Today Through at Least 22 Days and a Six-Day Forecast for the World: posted November 18, 2024

This article focuses on what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term U.S. outlooks (up to four weeks) and a six-day World weather outlook which can be very useful for travelers.

First the NWS Short Range Forecast. The afternoon NWS text update can be found here after about 4 p.m. New York time but it is unlikely to have changed very much from the morning update. The images in this article automatically update.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
Mon Nov 18 2024
Valid 12Z Mon Nov 18 2024 – 12Z Wed Nov 20 2024

…A potent storm system over the central U.S. today will create chances
for heavy rainfall, severe thunderstorms, and gusty winds, while moderate
snowfall is possible across the northern Plains by Tuesday…

…Heavy rain and flash flooding potential exists throughout the central
and eastern Gulf Coast over the next few days…

…Powerful Pacific low pressure system to impact the Northwest with high
winds and heavy mountain snow, while an atmospheric river takes aim at
northern California by Wednesday…

An amplified weather pattern and two separate strong storm systems are set
to impact the Nation during the first half of this week. First, a deep low
pressure system ejecting out of West Texas early this morning is
anticipated to further organize over the central U.S. today and produce
areas of heavy rain, severe weather, and gusty winds to the
southern/central Plains. Thunderstorms forming along an attached cold
front may contain damaging winds and perhaps a few tornadoes between
central Oklahoma and North Texas today. This region is where the Storm
Prediction Center has hoisted a Slight Risk (level 2/5) of severe
thunderstorms. As the system progresses northward into the Upper Midwest
on Tuesday, showers are also forecast to spread north throughout parts of
the Midwest and Great Lakes. Meanwhile, cold air working into the western
side of the storm will likely allow for precipitation to fall as snow
across parts of North Dakota and northern Minnesota into Wednesday.
Snowfall may also be accompanied by gusty winds, leading to lower
visibility on roadways. Current snowfall probabilities for at least 4
inches of snow are greatest (70-90%) across north-central North Dakota.

As the associated cold front pushes eastward through Tuesday, numerous
showers and thunderstorms interacting with a surge of moisture being
lifted northward from the Gulf of Mexico could contain intense rainfall
rates capable of producing flash flooding. Heavy rainfall is most likely
tonight across eastern Louisiana and southern Mississippi, with the threat
expanding east to the Florida Panhandle on Tuesday. Scattered flash floods
are most likely throughout low-lying and urban regions. Residents and
visitors are reminded to have multiple ways to receive warnings and never
drive across flooded roadways.

For much of the Northwest, northern Great Basin, and northern Rockies, a
cold front pushing across the region today and enhanced onshore flow will
allow for unsettled weather to continue ahead of a powerful storm system
forecast to develop off the coast of the Northwest on Tuesday. This
appetizer of precipitation to start the workweek will mainly include the
potential for moderate to heavy snowfall across the Cascades and northern
Rockies. However, by Tuesday night the rapidly strengthening Pacific low
pressure system will aid in producing high winds across the Pacific
Northwest and increasing precipitation intensity. Wind gusts up to 70 mph
are possible across parts of northern California and Oregon, with strong
winds also expected over parts of western Washington. These winds will
have the potential to knock down trees and produce power outages. Heavy
snowfall with amounts potentially exceeding two feet are possible over the
northern California ranges and Cascades. By Wednesday, an associated
atmospheric rive event is expected to take shape and direct continuous
Pacific moisture towards northern California and southwest Oregon.
Widespread rainfall amounts of 4 to 7 inches are expected through
Wednesday across this region, which could produce areas of river flooding
and increase the risk of mudslides. Heavy rain and the associated weather
hazards from this atmospheric river event are also expected to continue
beyond midweek.

Below average temperatures are forecast to remain over much of the western
U.S. over the next few days while gradually spreading eastward into the
Great Plains. Meanwhile, high pressure over the East will continue to
create mild and dry conditions through Tuesday as rainfall chances enter
the Mid-Atlantic and Northeast on Wednesday.

To get your local forecast plus active alerts and warnings click HERE and enter your city, state or zip code.

Learn about wave patterns HERE.

Then, looking at the world and of course, the U.S. shows here also. Today we are looking at precipitation.

Please click on “Read More” below to access the full Daily Report issued today.

Weather Outlook for the U.S. for Today Through at Least 22 Days and a Six-Day Forecast for the World: posted November 17, 2024

This article focuses on what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term U.S. outlooks (up to four weeks) and a six-day World weather outlook which can be very useful for travelers.

First the NWS Short Range Forecast. The afternoon NWS text update can be found here after about 4 p.m. New York time but it is unlikely to have changed very much from the morning update. The images in this article automatically update.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
Sun Nov 17 2024
Valid 12Z Sun Nov 17 2024 – 12Z Tue Nov 19 2024

…Widespread precipitation expected across the Northwest and northern
Rockies, including heavy mountain snow for parts of the region…

…A strong area of low pressure will bring periods of heavy rain, gusty
winds, and the potential for severe thunderstorms throughout the southern
to central Plains between tonight and Monday…

…Heavy rain and scattered instances of flash flooding possible early
this week across the central and eastern Gulf Coast…

An inland progressing cold front and associated onshore flow off the
Pacific Ocean will aid in producing widespread precipitation over the next
few days across the Northwest and northern Rockies. Moderate to locally
heavy rain is possible across coastal sections of Washington and Oregon,
while heavy snow is likely throughout the Cascades and high terrain of
northern Idaho and western Montana. Meanwhile, a much stronger storm
system and corresponding atmospheric river is anticipated to begin
impacting the Northwest Tuesday night. Strong winds and heavy rainfall are
possible from northern California to Washington, with potential impacts
including scattered flooding and power outages, as well as heavy mountain
snowfall.

A strong area of low pressure is also forecast to produce numerous weather
hazards across the central U.S. beginning tonight. The strengthening storm
system is expected to organize over West Texas and push into the central
Plains by Monday. On the east side of this storm a strong surge of
atmospheric moisture content from the western Gulf of Mexico will aid in
creating an environment ripe for thunderstorm development, particularly
across western/central Texas and southwest Oklahoma into early Monday.
This region is where the Storm Prediction Center currently highlights the
best potential for damaging wind gusts and a few tornadoes. A draped
stationary boundary extending from the central Plains into the low
pressure center will allow for a corridor of focused heavy rainfall and
the possibility of scattered flash flooding. Flood Watches are in effect
from northwest Texas to central Oklahoma in order to highlight this
concern. As the anomalously deep system moves northward on Tuesday,
rainfall chances will also spread northward into the Upper Midwest. Snow
is also likely to develop across parts of North Dakota and could be heavy
at time through Wednesday morning. Additionally, a tight pressure gradient
associated with this area of low pressure could create periods of strong
winds throughout the central U.S. early this week.

Heavy rainfall is also a concern throughout the central and eastern Gulf
Coast early this week as an approaching cold front interacts with a surge
of tropical moisture associated with Tropical Storm Sara as it dissipates
over Belize today. This elevated atmospheric moisture content is
anticipated to allow for areas of heavy rainfall between eastern Louisiana
and the Florida Panhandle, with high chances (70-90%) for widespread
rainfall amounts of at least 2 inches.

Temperatures anomalies are forecast to split the Nation in half over the
next few days as below normal temperatures dominate the West, while above
normal readings remain in the East. Dry conditions can be anticipated
along much of the East Coast, central High Plains, and Southwest through
Wednesday morning.

[Image of rainfall potential]

To get your local forecast plus active alerts and warnings click HERE and enter your city, state or zip code.

Learn about wave patterns HERE.

Then, looking at the world and of course, the U.S. shows here also. Today we are looking at precipitation.

Please click on “Read More” below to access the full Daily Report issued today.

Our Report on the JAMSTEC Three-Season Forecast – Can be Compared to the NOAA Outlook – Posted on Nov 16, 2024

The Japan Agency for Marine-Earth Science and Technology, or JAMSTEC, is a Japanese national research institute for marine-earth science and technology

From the JAMSTEC Discussion:

“Recent observations show weak signs of La Niña. The SINTEX-F ensemble mean predicts that a weak La Niña Modoki will develop during the boreal winter, but there is uncertainty in the timing and amplitude of the event. The tropical Pacific will then be in a neutral state during the boreal spring and summer.”

Although it is a World forecast, it includes a forecast for North America since North America is part of the World. One might try to compare it to the NOAA Outlook when we publish the NOAA Outlook.

First, we take a look at the forecasted sea surface temperature anomalies (SSTA). JAMSTEC starts by forecasting the SSTA and Nino 3.4 Index on the first day of the month and from there it usually takes their models about two weeks to produce their seasonal forecast. I received it from JAMSTEC on November 12,  2024  which is before NOAA has issued their four-season update this month.  The JAMSTEC model runs are based on conditions as of November 1, 2024. The NOAA Seasonal Outlook is based on conditions closer to the time when it will be issued.

We have a full three-season forecast from JAMSTEC this month. We have forecast maps for  DJF, MAM and JJA so it is really a three-season forecast.

We also have single-month JAMASTEC forecasts for December 2025 through May 2025 . I do not have the NOAA four season outlook yet so I could not do the comparisons but I might try doing that when the NOAA four-season Outlook is published.

Let’s take a look at the JAMSTEC three-season forecast.

This shows their forecast of sea surface temperature anomalies at three points in time. Blue is a cold anomaly and is associated with La Nina if it occurs in the Nino 3.4 measurement areas in the Pacific along the Equator. The cool anomaly along the Equator is somewhat further west than usual which gives it the Modoki characteristics.

The U.S.  funded some of the Modoki research but for some reason declines to mention it in their seasonal outlook discussions.

In the DJF image above, look at that blob of cool (anomaly) water to the west along the Equator. Thus the La Nina has Modoki characteristics that impact the Walker circulation. I have written about that before. It raises questions about the reliability of our current approach to thinking about the ENSO Cycle. This is covered in another article that can be accessed HERE.  It was also discussed in the most recent ENSO Update in the article by Emily Becker. That article can be accessed HERE.

Of interest also is the neutrally cold water just off the West Coast of the U.S. and the warm water between Africa and the north coast of South America which can support tropical storms and hurricanes.

NOAA  publishes a similar SSTA  analysis. It can be accessed  HERE.

JAMSTEC uses the same definition of Normal (climatology) as NOAA. JAMSTEC does a better job at characterizing La Ninas and El Ninos than NOAA. JAMSTEC provides me with a lot of other information that I do not include in my articles to keep them to a manageable size for readers. That material is the atmospheric pressure patterns.

This month we have the JAMSTEC three-season forecast before the NOAA  four-season forecast was issued. We will do the comparisons in the article on the NOAA four-season forecast which we will publish next Friday.

Some Readers will have to click on “Read More” to read the rest of the article which you need to read to see the forecasts. I can only include a certain amount of material in the lede.

Weather Outlook for the U.S. for Today Through at Least 22 Days and a Six-Day Forecast for the World: posted November 16, 2024

This article focuses on what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term U.S. outlooks (up to four weeks) and a six-day World weather outlook which can be very useful for travelers.

First the NWS Short Range Forecast. The afternoon NWS text update can be found here after about 4 p.m. New York time but it is unlikely to have changed very much from the morning update. The images in this article automatically update.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
Sat Nov 16 2024
Valid 12Z Sat Nov 16 2024 – 12Z Mon Nov 18 2024

…Periods of heavy coastal rain and mountain snow to impact the Northwest
this weekend, with heavy snow also spreading into the Northern Rockies…

…Heavy rain and severe weather potential to develop over the Southern
Plains Sunday night…

…Elevated fire weather concerns will continue across parts of the
Northeast through this weekend…

Unsettled weather is in store for the Pacific Northwest and Northern
Rockies through early next week as a strong cold front moves inland later
today and leads to a consistent flow of Pacific moisture into the region.
Heavy coastal rain can be expected throughout western Oregon and
Washington, with heavy snow in the higher elevations of the Olympic and
Cascade mountains. Winter Storm Warnings are in effect starting today
across the Cascades due to forecast snowfall accumulations up to 2 feet.
Mountain snow is also anticipated to expand eastward into the Northern
Rockies by late tonight. Meanwhile, a separate area of low pressure racing
out of the Northern Plains today ahead of the Pacific Northwest system may
produce a swath of moderate snow of its own, with the medium chances
(40-60%) for at least 4 inches of snow across northeast Montana and
northwest North Dakota.

By Sunday night, a blossoming precipitation shield is forecast to impact
the southern Plains in response to a rapidly strengthening low pressure
system. This anomalously strong area of low pressure will help surge ample
atmospheric moisture content northward into a draped stationary boundary
and produce areas of heavy rain from North Texas and the Texas Panhandle
through central Oklahoma into eastern Kansas by Monday. Scattered
instances of flash flooding are possible. Additionally, thunderstorms may
become severe as an attached cold front pushes across the Lone Star State,
with a risk damaging wind gusts and possibly a tornado or two into Monday
morning.

Dry conditions and gradually warming temperatures can be expected across
the eastern U.S. through early next week in response to a large high
pressure system sliding to the East Coast by Monday. While this is great
news for outdoor fall activities, there remains elevated fire weather
concerns throughout New England and the Northeast this weekend due to
recent increasing drought conditions and breezy northwest winds. Red Flag
Warnings continue for much of the highly populated I-95 corridor from
Philadelphia to Boston.

To get your local forecast plus active alerts and warnings click HERE and enter your city, state or zip code.

Learn about wave patterns HERE.

Then, looking at the world and of course, the U.S. shows here also. Today we are looking at precipitation.

Please click on “Read More” below to access the full Daily Report issued today.