July 22: 48-Hour Weather Report and Intermediate-Term Outlooks; Tropical also

July 22, 2022Posted inweatherNo Comments

Here is what we are paying attention to this evening and the next 48 hours from this evening’s NWS Forecast.

...Dangerous heat to continue impacting portions of the southwestern,
south-central, and eastern U.S....

...Severe thunderstorms possible across sections of the East Coast and the
Southeast today...

...Monsoonal moisture to bring locally heavy rains and isolated flash
flooding across portions of the Southwest into the southern Rockies...

21July2022 Market Close & Major Financial Headlines: Morning Financial Calendar Posted Poor Numbers Which Investors Eventually Ignored. Initial Jobless Claims Rose Whilst Philly Fed Business Conditions Fell Sharply.

July 21, 2022Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed up 162 points or 0.51%,
  • Nasdaq closed up 1.36%,
  • S&P 500 up 0.99%,
  • WTI crude oil settled at $96 down 3.39%,
  • USD $106.86 down 0.16%,
  • Gold $1718 up 0.17%,
  • Bitcoin $23,086 up 0.68% – Session Low 22,783,
  • 10-year U.S. Treasury 2.906% down 0.13%

Today’s Economic Releases:

Manufacturing activity declined for the firms in the Philadelphia Fed’s district according to the July 2022 Manufacturing Business Outlook Survey. Note that historically the Philly Fed’s survey cannot be relied upon as an indicator of a recession.

According to Macro Charts, there are a record number of short positions which normally correlate to a return to a bull market.

source: @MarcoCharts

The four-week moving average of initial unemployment claims continues to moderately increase.

A summary of headlines we are reading today:

  • IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter
  • Airlines temper flying ambitions after chaotic — but profitable — travel rebound
  • AT&T shares fall after company says later payments, higher spending are hurting cash flow
  • Dems Openly Admit Gun Control Bill Will Confiscate Firearms In “Common Use”
  • Job Listings Starting To Trend Lower
  • Bond Report: Treasury yields drop by most since June on signs of slowing U.S. economy, Biden’s positive COVID test
  • Rex Nutting: Almost all the economic numbers are aligned: A U.S. recession is now likely

These and other headlines and news summaries moving the markets today are included below.

July 21: 48-Hour Weather Report and Intermediate-Term Outlooks; Tropical also

July 21, 2022Posted inweatherNo Comments

Here is what we are paying attention to this evening and the next 48 hours from this evening’s NWS Forecast.

...Dangerous heat to continue impacting much of the central and
northeastern United States...

...Severe thunderstorms possible across the Ohio Valley this evening
before shifting into New England and parts of the Southeast on Thursday...

...Persistent monsoonal moisture to bring locally heavy rains and isolated
flash flooding across portions of the Southwest into the southern
Rockies...

20July2022 Market Close & Major Financial Headlines: Wall Street Closes Higher After Last Session Bounce, Gold Slips To 15-Month Low, WTI Crude Slips Below 100 Again, Home Sales Fall Sharply

July 20, 2022Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed up 48 points or 0.15%,
  • Nasdaq closed up 1.58%,
  • S&P 500 up 0.59%,
  • WTI crude oil settled at 100 down 3.79%,
  • USD $107.06 up 0.35%,
  • Gold $1695 down 5.44%,
  • Bitcoin $23,650 up 1.20% – Session Low 22,967,
  • 10-year U.S. Treasury 3.03% up 0.009%

Today’s Economic Releases:

The number of CEO changes at U.S. companies fell 29% to 106 in June 2022 from 150 in May. It is 2% higher than the 104 CEO changes announced in the same month in 2021. According to Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.:

The skills CEOs implemented, as well as acquired, during the pandemic are extremely valuable and many of them are finding new opportunities both within the organization and at new companies. Meanwhile, a large swath of CEOs are choosing this challenging economic time to retire after serving the last few years during the pandemic.

Existing-home sales declined for the fifth straight month with a decline of 5.4% month-over month in June 2022. Home sales prices increased with an average year-over-year gain of 13.4%.

A summary of headlines we are reading today:

  • Gazprom Preparing To Restart Flows To Europe Thursday
  • Too Hot For Solar Power: Europe’s Heat Wave Makes Solar Panels Less Efficient
  • June home sales fall 5.4% from May, as prices set yet another record
  • Bath & Body Works lowers outlook, citing consumer caution during high inflation
  • Tesla Q2 Earnings Preview: Eyes Are On China, Volume Growth, Margin Expansion & Delivery Guidance
  • The Tell: Stock-market bottom or bear market bounce? What traders want to see as S&P 500 extends gain
  • Metals Stocks: Gold prices fall back to a more than 15-month low

These and other headlines and news summaries moving the markets today are included below.

July 20: 48-Hour Weather Report and Intermediate-Term Outlooks; Tropical also

July 20, 2022Posted inweatherNo Comments

Here is what we are paying attention to this evening and the next 48 hours from this evening’s NWS Forecast.

...Dangerous heat to continue through midweek across the south-central
U.S., building into the Northeast on Wednesday...

...Severe thunderstorms possible into portions of the Ohio Valley on
Wednesday and New England on Thursday...

...Monsoonal moisture to bring locally heavy rains and isolated flash
flooding across portions of the Southwest, Great Basin and Southern Rockies...

19July2022 Market Close & Major Financial Headlines: Wall Street Powers Higher As U.S. Dollar Slips. Nasdaq Closes Up Over 3%. WTI Crude Settles Higher. US Gasoline Falls Below $4.50 Per Gallon.

July 19, 2022Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed up 754 points or 2.43%,
  • Nasdaq closed up 3.13%,
  • S&P 500 up 2.76%,
  • WTI crude oil settled at $104 up 1.82%,
  • USD $106.70 down 0.66%,
  • Gold $1711 up 0.06%,
  • Bitcoin $23,409 up 10.48% – Session Low 20,774,
  • 10-year U.S. Treasury 3.201% up 0.061%

Today’s Economic Releases:

June 2022 residential building permits slowed but were still up 1.4% year-over-year, housing starts were down 6.3% year-over-year, and construction completions were up 3.4% year-over-year. Looking at single-family housing only – building permits and housing starts declined year-over-year whilst construction completions increased.

According to CoreLogic, “Annual U.S. single-family rent growth remained at a record high in May 2022, posting a 13.9% increase from May 2021. This growth matched April’s increase, representing the first time that price growth did not accelerate from the previous month since January 2021. ”

A summary of headlines we are reading today:

  • Russian And Iran Ink $40 Billion Oil And Gas Agreement
  • How Many Countries Are Actually Capable Of Space Travel?
  • U.S. Gasoline Prices Fall Below $4.50 Per Gallon
  • GM reveals electric Chevrolet Blazer priced starting at $45,000
  • Delta buys 100 Boeing Max planes, its first major order with the manufacturer in more than a decade
  • “Something Has Just Blown Up”: Small Explosion Seen At Hoover Dam
  • Market Snapshot: Dow up 700 points as stocks head for largest gain in a month

These and other headlines and news summaries moving the markets today are included below.

July 19: 48-Hour Weather Report and Intermediate-Term Outlooks; Tropical also

July 19, 2022Posted inweatherNo Comments

Here is what we are paying attention to this evening and the next 48 hours from this evening’s NWS Forecast.

...Record Breaking Heat to continue into mid week across the Central and
Southern Plains...

...Severe Thunderstorms possible from portions of the Northern Plain into
the Upper Great Lakes...

...Monsoonal showers to bring locally heavy rains and isolated Flash
Flooding across portions of the Southwest, Great Basin and Southern
Rockies...

...A Fire Weather threat will stretch from the Northern Rockies into the
Northern Great Basin and Central High Plains...

18Jul2022 Market Close & Major Financial Headlines: Markets Decline. Oil Up As Traders Assessed the Saudi Sentiment Following President Biden’s Meeting With the Crown Prince.

July 18, 2022Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed down 216 points or 0.69%,
  • Nasdaq closed down 0.81%,
  • S&P 500 down 0.84%,
  • WTI crude oil at $102.27 up $4.78%,
  • USD $107.44 down 0.58%,
  • Gold $1705 down 0.12%,
  • Bitcoin $21,527 up 3.6%,
  • 10-year U.S. Treasury 2.967% unchanged

Today’s Economic Releases:

In June 2022, employers added 884,000 jobs for teens aged 16 to 19, a 41% increase from the number of job gains for teens in June 2021, when 625,000 jobs were added.

According to the June 2022 New York Fed’s Survey of Consumer Expectations (SCE) Credit Access Survey:

  • The application rate for any type of credit over the past twelve months increased to 46 percent in June, up from 44 percent in February. The increase was driven by older (over 60) respondents and respondents with a credit score between 680 and 760. Overall, credit applications were approved at a slightly lower rate.

  • The credit card application rate over the past twelve months increased to 28 percent, its highest rate since June 2019. The increase was driven by those with credit scores between 680 and 760. The rejection rate for credit card applications declined to 17 percent from 20 percent in February.

  • The mortgage refinance application rate over the past twelve months dropped to 11 percent (among households with a mortgage), returning to its February 2020 level.

  • Rejection rates for auto loan, home loan, and mortgage refinance applications all increased.

  • The average probability of applying for a credit card or a credit card limit increase over the next twelve months rose slightly in June, while it declined for auto and home loans and mortgage refinances.

A summary of headlines we are reading today:

  • $100+ Oil Is Back For The Long Haul
  • Canada Sends Repaired Gazprom Turbine To Germany
  • IEA Urges Europe To Take Immediate Measures To Conserve Gas
  • Homebuilder sentiment plunges in July as buyers pull back
  • Delta buys 100 Boeing Max planes, its first major order with the manufacturer in more than a decade
  • Beijing Panics, Scrambles To Halt Mortgage Boycott By “Urging” Banks To Rush Developer Loans
  • Apple Plunge Drags Down Market After Reports Of Hiring & Spending Slowdown

These and other headlines and news summaries moving the markets today are included below.

Daily Report for the next 48 hours or a bit more from July 18, 2022 plus access to Tropical Outlooks and Intermediate-term Outlooks

July 18, 2022Posted inweatherNo Comments

Here is what we are paying attention to this evening and the next 48 hours from this evening’s NWS Forecast.

...Dangerous and record-breaking heat to impact much of the Great Plains...

...Scattered instances of flash flooding and severe thunderstorms possible
throughout the Ohio Valley into tonight before the threat shifts into the
Northeast on Monday...

...Severe weather chances enter the northern Plains on Monday and swing
into the Upper Midwest/Great Lakes by Tuesday...

Daily Report for the next 48 hours or a bit more from July 17, 2022 plus access to Tropical Outlooks and Intermediate-term Outlooks

July 17, 2022Posted inweatherNo Comments

Here is what we are paying attention to this evening and the next 48 hours from this evening’s NWS Forecast.

...Dangerous record-breaking heat to continue across the central United
States and parts of the West...

...Scattered flash flooding possible across much of the Ohio Valley on
Sunday, with isolated heavy rainfall forecast across the Southwest through
the beginning of next week...

...Severe weather possible across the northern Plains on Monday...