Ballroom Dancing and America
Ballroom (BR) dancing is a thriving industry in America. But what is it and how well does it mirror America?
Weather Forecast: Today, Tonight, Tomorrow, Next Day, Five Days, and Intermediate-Term Outlooks for the U.S. and a Five-Day Forecast for the World: posted February 22, 2023
Updated at 3:45 p.m. Wednesday, February 22, 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
224 PM EST Wed Feb 22 2023Valid 00Z Thu Feb 23 2023 – 00Z Sat Feb 25 2023
…Significant coast-to-coast winter storm will continue to produce
widespread heavy snow and blizzard conditions across portions of the West
and the Northern Plains……A swath of heavy snow and locally significant ice will stretch from the
Upper Midwest to the Northeast……Strong to locally severe thunderstorms, and heavy rainfall will impact
portions of the Midwest through tonight…...Record-breaking warmth expected over the East going through Thursday as
extreme cold hits the Northern Plains and the Intermountain West…
21 Feb2023 Market Close & Major Financial Headlines: Wall Street Opens Down Again, Closes Near Session Bottom As Investors Fear Larger Rate Hikes
Summary Of the Markets Today:
- The Dow closed down 697 points or 2.06%,
- Nasdaq closed down 2.50%,
- S&P 500 closed down 2.00%,
- Gold $1845 down $5.50,
- WTI crude oil settled at $76 down $0.29,
- 10-year U.S. Treasury 3.958% up 0.013 points,
- USD $104.18 up $0.32,
- Bitcoin $24,503 – 24H Change down $276.45 – Session Low $24,331
*Stock data, cryptocurrency, and commodity prices at the market closing.
Click here to read our Economic Forecast for February 2023
Today’s Economic Releases:
Existing-home sales fell for the twelfth straight month in January – slid 0.7% from December 2022 to a seasonally adjusted annual rate of 4.00 million in January. Year-over-year, sales retreated 36.9% (down from 6.34 million in January 2022). NAR Chief Economist Lawrence Yun stated:
Home sales are bottoming out. Prices vary depending on a market’s affordability, with lower-priced regions witnessing modest growth and more expensive regions experiencing declines.
The January Manufacturing PMI registered 47.4%, 1 percentage point lower than the seasonally adjusted 48.4% recorded in December. Regarding the overall economy, this figure indicates a second month of contraction after a 30-month period of expansion. The Manufacturing PMI figure is the lowest since May 2020, when it registered a seasonally adjusted 43.5%. The New Orders Index remained in contraction territory at 42.5%.
CoreLogic’s Single-Family Rent Index (SFRI) shows rental price growth rose by 6.4% year over year in December 2022, compared with the 12.1% gain recorded in December 2021. Rental price gains have risen by about an average of $300 over the past two years.
Container exports and imports into the Ports of Los Angeles and Long Beach in January 2023 continued their decline with imports falling 22% year-over-year (down from -20% last month) and exports falling -6% year-over-year (down from +15% last month). Imports declines are normally a negative economic signal – but a good portion of the decline can be attributed to port congestion one year ago where a ship waited months for offloading and elevated traffic above normal. Currently, port congestion has subsided. In my estimation, the amount of traffic going through the ports is not recessionary.
A summary of headlines we are reading today:
- EU To Ban Exports Of $12 Billion In Products Used By Russian Military
- Are Investors Too Relaxed About Hot CPI Data?
- Higher-For-Longer Interest Rate Fears Weigh On Oil
- Attacks On The U.S. Power Grid Are Surging
- Putin Issues A New Nuclear Warning To The West
- Dow closes nearly 700 points lower in broad selloff, as all indexes cap their worst day of 2023: Live updates
- Bitcoin slides below $25,000, and the crypto venture capital outlook for 2023: CNBC Crypto World
- Credit Suisse Crashes To All-Time Low After Regulators Probe If Chairman Lied About “Stabilizing” Outflows
- US stocks slide at open as Walmart, Home Depot forecasts disappoint
- Economic Report: Existing home sales fell for the 12th straight month in January, lowest since 2010
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.
Weather Forecast: Today, Tonight, Tomorrow, Next Day, Five Days, and Intermediate-Term Outlooks for the U.S. and a Five-Day Forecast for the World: posted February 21, 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
259 PM EST Tue Feb 21 2023Valid 00Z Wed Feb 22 2023 – 00Z Fri Feb 24 2023
…A major winter storm is expected to deliver a large swath of heavy snow
from the West Coast to the Northeast through Thursday; freezing rain from
the upper Midwest through the lower Great Lakes into Nee England……Widespread very strong, gusty winds expected across the West and
adjacent High Plains……Heavy rain with the potential for scattered flash flooding and severe
weather for the Midwest and Plains Wednesday……Widespread record-breaking warmth expected in the East and much below
average cold in the West through mid-week…
20Feb2023 Market Close & Major Financial Headlines: Stock Markets Closed For President’s Day But There Is A Lot Of News
The stock markets are closed today for President’s Day but there is still news. Click on the “Read More” below to read all the headlines we are following today.
Summary Of the Markets Today:
- The Dow was closed,
- Nasdaq was closed,
- S&P 500 was closed,
- Gold $1850 up $0.10,
- WTI crude oil settled at $77 up $0.79,
- 10-year U.S. Treasury 3.817% down 0.026 points,
- USD index $103.88 up $0.02,
- Bitcoin $24,793 up $515
Click here to read our Economic Forecast for February 2023
Today’s Economic Releases:
None
A summary of headlines we are reading today:
- Oil Inches Higher On U.S. President’s Day
- India Invokes Maximum Energy Output Law from Coal Plants
- UN Atomic Watchdog: Iran On The Cusp of Having Nuclear Weapons
- Controversial Cost-Cutting Measures To Blame For Ohio Derailment Disaster
- U.S. Gasoline Prices Are Dropping, Except In The West
- U.S. Electric Vehicle Sales Poised For A Breakout Year
- The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market
- Global Oil Demand Hit Record High In December
- Russia’s Weekly Oil Exports Jump To Highest Level In Over A Month
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.
Our Report on the JAMSTEC Three-Season Forecast – February 20, 2023
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:
“The SINTEX-F ensemble mean predicts that the La Niña-like state will gradually decay and an El Niño will occur in May. However, there is a large uncertainty in the predictions of the amplitude. In particular, the ensemble mean of the SINTEX-F2-3DVAR version predicts a relatively weak El Niño.”
Although it is a World forecast, it includes a forecast for North America since North America is part of the World.
Weather Forecast: Today, Tonight, Tomorrow, Next Day, Five Days, and Intermediate-Term Outlooks for the U.S. and a Five-Day Forecast for the World: posted February 20, 2023
Updated at 3:20 p.m. EST Monday, February 20, 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
300 PM EST Mon Feb 20 2023Valid 00Z Tue Feb 21 2023 – 00Z Thu Feb 23 2023
…A major winter storm will spread a large swath of heavy snow from the
West Coast to the Northeast through Thursday……Clipper system to bring light to moderate snow to the Upper Midwest,
Great Lakes and interior Northeast……Widespread record breaking cold in the West and record breaking warmth
in the East are possible on Wednesday and Thursday…
Looking Back at January 2023 published on February 19, 2023
I realize that we are past mid-Februray and I recently presented the NOAA Seasonal Outlook, but it makes sense to review January of this year. In this article, I will first take a global perspective and here I rely on the large volume of information that is issued by NOAA (NCEI Div) and then I will take a look at the state rankings in January. The state rankings look at how each state’s January 2023 temperature or precipitation fits in terms of its 129 years of recent history.
Although NCEI seems to think that the important information about January is that it was the seventh warmest on record, that may fall into the category of a given and we will discuss that at the beginning of the article. What I found most interesting was the information on sea ice.
U.S. and Global Weather were very different in January of 2023
Government Spending and Inflation. Part 2
This post will address how data sampling affects the analysis results for correlations between U.S. deficit spending and inflation. In Part 11of this series, it was seen that there is significant variability in this correlation over time. It is essential to know whether that variability is affected by changing the data sampling structure. If changes are connected to data treatment, care must be taken to ensure conclusions are fundamental to the overall data and not an artifact of how it is organized.
Image credit: Gerd Altmann from Pixabay2
Weather Forecast: Today, Tonight, Tomorrow, Next Day, Five Days, and Intermediate-Term Outlooks for the U.S. and a Five-Day Forecast for the World: posted February 19, 2023
Updated at 3:15 p.m. EST Sunday, February 19, 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
307 PM EST Sun Feb 19 2023Valid 00Z Mon Feb 20 2023 – 00Z Wed Feb 22 2023
…Clipper system to bring light to moderate snow to the Upper Midwest,
Great Lakes and interior Northeast……Winter storm will bring heavy snow and strong winds to much of the
West, the Northern/Central Plains and Upper Midwest through Midweek…