06 June 2023 Market Close & Major Financial Headlines: S&P 500 Traded Along The Unchanged Line, All Three Major Indexes Closed Higher In The Green

June 6, 2023Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed up 10 points or 0.03%,
  • Nasdaq closed up 0.36%,
  • S&P 500 closed up 0.23%,
  • Gold $1,979 up $4.80,
  • WTI crude oil settled at $71 down $0.69,
  • 10-year U.S. Treasury 3.689% down 0.004 points,
  • USD Index $104.15 up $0.14,
  • Bitcoin $27,146 up $1,478,

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

Click here to read our Economic Forecast for June 2023

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

Home Price Growth Continues its Annual Single-Digit Slowdown in April according to the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for April 2023. U.S. home prices (including distressed sales) increased by 2% year over year in April 2023 compared with April 2022. On a month-over-month basis, home prices increased by 1.2% compared with March 2023. CoreLogic forecasts show annual U.S. home price gains increasing to 4.6% by April 2024.

Here is a summary of headlines we are reading today:

  • Gas Stove Regulations Aren’t Done Deal Just Yet
  • China And Russia Lock Horns Over Kazakhstan’s Uranium
  • Chinese Steel Prices Fall To Three-Year Low
  • Shell Halts Unit At Europe’s Biggest Refinery Due To Leak
  • Dam Destruction Threatens Ukraine’s Largest Nuclear Plant
  • I tried the Apple Vision Pro mixed-reality headset — here’s what it’s like
  • Boeing warns new defect on 787 Dreamliners will slow deliveries
  • S&P 500 ticks up on Tuesday to close at the highest level in 2023: Live updates
  • Market Snapshot: Small-cap stocks rally while Dow dips, as investors consider economic outlook

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

Weather: Tonight, Tomorrow, Next Day, Five Days, and Intermediate-Term Outlooks for the U.S. and a Six-Day Forecast for the World: posted June 6, 2023

June 6, 2023Posted inUncategorizedNo Comments

Updated at 3:52 p.m. Tuesday, June 6, 2023Here is what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term outlooks and a five-day World weather forecast.

We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
345 PM EDT Tue Jun 06 2023

Valid 00Z Wed Jun 07 2023 – 00Z Fri Jun 09 2023

...Much above average temperatures from the Northern Plains to the Pacific
Northwest while the Southwest/California and the Northeast remain below
average…

…Numerous and Widespread Air Quality Alerts from the Northeast to the
Great Lakes as well as for other urban areas in the central/eastern U.S…

…Scattered to widespread showers and storms with the risk for flash
flooding continue from the High Plains into the Intermountain West…

05 June 2023 Market Close & Major Financial Headlines: Wall Street Opened Fractionally Higher, Trended Lower, Finally Closing Moderately Lower In The Red

June 5, 2023Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed down 200 points or 0.59%,
  • Nasdaq closed down 0.09%,
  • S&P 500 closed down 0.20%,
  • Gold $1,978 up $8.40,
  • WTI crude oil settled at $72 up $1.84,
  • 10-year U.S. Treasury 3.695% up 0.002 points,
  • USD Index $104.01 down $0.01,
  • Bitcoin $25,632 down $1,559,

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

Click here to read our Economic Forecast for June 2023

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

In May 2023, the ISM Services PMI® registered 50.3%, 1.6 percentage points lower than April’s reading of 51.9%. The composite index indicated growth in May for the fifth consecutive month after a reading of 49.2% in December, which was the first contraction since May 2020 (45.4%). A reading under 55% is not only indicative of an economy barely growing but also in the recession warning zone.

New orders for manufactured goods in April, up four of the last five months, increased $2.6 billion or 0.4 percent to $577.5 billion. However, growth was down 1.1% year-over-year – and there is no question that the manufacturing sector is in a recession.

Here is a summary of headlines we are reading today:

  • Oil Majors Keen On Libya’s Untapped Potential
  • New Car Sales In UK Drive Forward For The Tenth Month
  • Blurred Battle Lines: Drone Strikes Stoke Russia-Ukraine Conflict
  • China’s Economic Rebound Reshapes Emerging Markets
  • Goldman Sachs Warns ESG Investors Against Rushing To Divest From Oil And Gas
  • S&P 500 closes slightly lower on Monday after touching highest level since August: Live updates
  • Bitcoin drops below $26,000 after SEC sues crypto exchange Binance
  • History Suggests VIX Is Poised For Sharp Reversal
  • Brett Arends’s ROI: The S&P 500 is ridiculous. Here’s why.

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

Weather: Tonight, Tomorrow, Next Day, Five Days, and Intermediate-Term Outlooks for the U.S. and a Six-Day Forecast for the World: posted June 5, 2023

June 5, 2023Posted inweatherNo Comments

Updated at 8:16 p.m. EDT Monday, June 5, 2023

Here is what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term outlooks and a five-day World weather forecast.

We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
341 PM EDT Mon Jun 05 2023

Valid 00Z Tue Jun 06 2023 - 00Z Thu Jun 08 2023

...There is a Slight Risk of excessive rainfall over parts of the Southern
High Plains through Wednesday...

...Much cooler than normal over much of California/Southwest and the
Northeast...

...Periods of smoky conditions and poor air quality around the Great
Lakes...

What is an Omega Block?

Learn more about the Omega Block and other important  Wave Patterns HERE.

Weather: Tonight, Tomorrow, Next Day, Five Days, and Intermediate-Term Outlooks for the U.S. and a Six-Day Forecast for the World: posted June 4, 2023

June 4, 2023Posted inweatherNo Comments

Updated at 5:10 p.m. EDT Sunday June 4, 2023

Here is what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term outlooks and a five-day World weather forecast.

We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
352 PM EDT Sun Jun 04 2023

Valid 00Z Mon Jun 05 2023 – 00Z Wed Jun 07 2023

…Areas of heavy rain and flash flooding possible across the southern
High Plains over the next few days…

…Above average temperatures remain throughout the northern Plains and
build into the Pacific Northwest by Tuesday…

Introduction to Global Warming Part 1, June 3, 2023

June 3, 2023Posted inClimate4 Comments

It is time to talk about Global Warming. I prefer the term Global Warming(GW) to Climate Change(CC) simply because it is the warming that changes the climate. But either term is fine. We are going to tackle this in small portions. It is a very complicated and a largely misunderstood topic. My major interest is the economic impacts but I think we need to start by understanding what Global Warming is and why it is happening.

In Part I,  I am going to discuss the imbalance between incoming energy and outgoing energy.  I am also going to try to explain why it is happening and the role of greenhouse gases. I believe we are at the point now where there is no doubt that this is caused almost totally by the activities of humans. But even if it was a natural phenomenon, what I am presenting in this article would apply. The only way to get warmer is to receive more energy than you send into space.  Not being in balance could be caused by humans or by something else. We will deal with the cause in a future article.  Part I of this Introduction to Global Warming is about the imbalance.

Weather: Tonight, Tomorrow, Next Day, Five Days, and Intermediate-Term Outlooks for the U.S. and a Six-Day Forecast for the World: posted June 3, 2023

June 3, 2023Posted inweatherNo Comments

Here is what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term outlooks and a five-day World weather forecast.

We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
400 PM EDT Sat Jun 03 2023

Valid 00Z Sun Jun 04 2023 – 00Z Tue Jun 06 2023

…Unsettled weather to continue through the weekend across much of the
High Plains and into the Central/Northern Rockies with locally heavy
rainfall…

…Hot temperatures to continue across the Northern Plains and much of the
Midwest…

…Much colder weather with much below normal temperatures expected across
the Northeast..