Weather Forecast: Tonight, Tomorrow, Five Days, 10 Days U.S. and World December 21, 2022

December 22, 2022Posted inweatherNo Comments

Updated at 4:15 p.m. Thursday, December 22, 2022

Here is what we are paying attention to the next 48 hours from Thursday Afternoon’s NWS Forecast. This is a combination of a U.S. plus World Weather Article. We start with the U.S. Information.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
303 PM EST Thu Dec 22 2022

Valid 00Z Fri Dec 23 2022 - 00Z Sun Dec 25 2022

...Historic winter storm to produce widespread disruptions to large
portions of the nation heading into the holiday weekend...

...Nearly 280 million people under some form of winter weather warnings or
advisories across the U.S....

...Powerful Arctic front to sweep into the eastern third of the nation
Thursday night into Friday, while temperatures will begin to rebound
across the Northern Rockies and High Plains this weekend...

...Heavy Snows to blanket the Great Lakes region into northern NY State
and northern New England...

...Significant freezing rain possible across the Pacific Northwest...





















	




	
	

		21Dec2022 Market Close & Major Financial Headlines: Wall Street Opened Higher And Closed Near Session Highs	





		
			
		
		December 21, 2022Posted inmarketsNo Comments




	
Summary Of the Markets Today:


    

  • The Dow closed up 527 points or 1.60%,
    • 

  • Nasdaq closed up 1.54%,
    • 

  • S&P 500 up 1.49%,
    • 

  • WTI crude oil settled at $78 up $2.22,
    • 

  • USD $104.03 down $0.69,
    • 

  • Gold $1824 down $1.10,
    • 

  • Bitcoin $16,780 down 0.54% – Session Low 16,744,
    • 

  • 10-year U.S. Treasury 3.365% down 0.009%
    • 



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




Click here to read our Economic Forecast for December 2022




Today’s Economic Releases:


Existing-home sales fell for the tenth consecutive month to a seasonally adjusted annual rate of 4.09 million. Sales slipped 7.7% from October and 35.4% from the previous year. The median existing-home sales price rose to $370,700, an increase of 3.5% from one year ago. The inventory of unsold existing homes retreated for the fourth straight month to 1.14 million at the end of November or the equivalent of 3.3 months’ supply at the current monthly sales pace. Home sales continue to decline due to the increase in mortgage rates.




U.S. financial executives are generally pessimistic about next year’s economy, saying they expect price growth to subside some in 2023 but still remain high. They also report that wages at their firms have not kept pace with inflation.




A summary of headlines we are reading today:




    

  • $100 Oil To Return In 2023
    • 

  • Looming Deep Freeze Sends U.S. Natural Gas Prices Higher
    • 

  • Home sales tumbled more than 7% in November, the 10th straight month of declines
    • 

  • AMC says it’s no longer in talks to acquire theaters from bankrupt Cineworld
    • 

  • Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
    • 

  • Taliban Bans All Education For Afghan Girls, Ironically As Huge Pallets Of Cash ‘Humanitarian’ Aid Flown In
    • 

  • Metals Stocks: Gold settles flat after a powerful advance as consumer confidence rises to its highest since April
    • 



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

























	




	
	

		20Dec2022 Market Close & Major Financial Headlines: Wall Street Three Main Indexes Traded Along The Unchanged Line And Closed Fractionally Higher, Snapping Four-Day Losing Streak	





		
			
		
		December 20, 2022Posted inmarketsNo Comments




	
Summary Of the Markets Today:


    

  • The Dow closed up 92 points or 0.28%,
    • 

  • Nasdaq closed up and flat 0.01%,
    • 

  • S&P 500 up 0.11%,
    • 

  • WTI crude oil settled at $76 up $0.83,
    • 

  • USD $104.03 down $0.69,
    • 

  • Gold $1828 up $30.30,
    • 

  • Bitcoin $16,862 up 2.54% – Session Low 16,375,
    • 

  • 10-year U.S. Treasury 3.694% up 0.111%
    • 



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




Click here to read our Economic Forecast for December 2022




Today’s Economic Releases:


Privately‐owned housing units authorized by building permits in November 2022 are 22.4% below November 2021 (blue line on the graph below). Privately‐owned housing starts in November were 16.4% below November 2021 (red line on the graph below). Housing Completions Privately‐owned housing completions in November were 6.0% above November 2021 (green line on the graph below). The housing market continues to slow due to the higher mortgage.




Nationwide, rent prices were up by 8.8% year over year in October, the lowest rate of growth recorded since June 2021. Three of four tracked price tiers posted lower rental cost increases than in October 2021, with only the lowest tier seeing a 1.3 percentage point acceleration in growth.




A summary of headlines we are reading today:




    

  • Long Term Outlook For Precious Metals Looks Blurred Despite Strong End Of 2022
    • 

  • Exxon Steers Clear Of Russia-Linked Oil Tankers
    • 

  • Deadly Blast Destroys Russia-Ukraine Gas Export Pipeline
    • 

  • Bill Gross says markets are headed for ‘potential chaos’ if interest rates keep going up
    • 

  • Biden unveils stricter emissions rules for heavy-duty trucks
    • 

  • U.S. Postal Service to transform delivery fleet with 66,000 electric vehicles by 2028
    • 

  • Earnings Outlook: Micron earnings: Memory-chip slowdown appears to be far from over
    • 



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










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		Weather Forecast: Today, Tomorrow, Five Days, 10 Days U.S. and World December 19, 2022	





		
			
		
		December 20, 2022Posted inweatherNo Comments




	
Updated at 3:06 p.m. EST Wednesday December 21, 2022




Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
300 PM EST Wed Dec 21 2022

Valid 00Z Thu Dec 22 2022 - 00Z Sat Dec 24 2022

...Powerful winter storm to produce a multitude of weather hazards across
the central and eastern United States through the end of the week...

...Bitter cold and life-threatening wind chills over the northern Plains
to surge southward this evening and swing towards the East Coast on
Friday...

...Significant freezing rain possible across parts of western Oregon and
Washington beginning Thursday night...



















	




	
	

		19Dec2022 Market Close & Major Financial Headlines: Wall Street Equities Attempt To Remain In The Green Failed And Finally Closed Fractionally Down	





		
			
		
		December 19, 2022Posted inmarketsNo Comments




	
Summary Of the Markets Today:


    

  • The Dow closed down 163 points or 0.49%,
    • 

  • Nasdaq closed down 1.49%,
    • 

  • S&P 500 down 0.90%,
    • 

  • WTI crude oil settled at $76 up $1.36,
    • 

  • USD $104.78 up $0.22,
    • 

  • Gold $1797 down $3.60,
    • 

  • Bitcoin $16,607 down 0.96% – Session Low 16,547,
    • 

  • 10-year U.S. Treasury 3.588% up 0.108%
    • 



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




Click here to read our Economic Forecast for December 2022




Today’s Economic Releases:


The Federal Reserve Bank of New York’s November 2022 SCE Labor Market Survey shows the proportion of individuals who reported searching for a job in the past four weeks decreased to 18.8% from 24.7% in July 2022. The decline was broad-based across income, education, and age groups. Satisfaction with wage compensation, non-wage benefits and promotion opportunities all improved in November. Conditional on expecting an offer, the average expected annual salary of job offers in the next four months increased from $60,310 in July to $61,187 in November, reaching a new series high. The average reservation wage—the lowest wage respondents would be willing to accept for a new job—increased from $72,873 in July to $73,667 in November, the highest reading of the series. The increase was most pronounced for respondents below age 45.




 


A summary of headlines we are reading today:




    

  • Are Copper Prices Poised To Climb Higher In 2023?
    • 

  • Atlantic Freight Rates Could Collapse As Carriers Ramp Up Trade Lane Capacity
    • 

  • Disney shares fall following softer-than-expected ‘Avatar’ opening weekend
    • 

  • Homebuilder sentiment drops for the 12th straight month, but a bottom may be near
    • 

  • Millionaire investors haven’t been this bearish since 2008
    • 

  • Global coal use is on course to hit an all-time high this year, IEA says
    • 

  • The Era Of Cheap Oil Has Come To An End
    • 

  • TWITTER FILES: How The FBI Moved To Quash Hunter Laptop Story Before, And After, NY Post Bombshell
    • 

  • Market Snapshot: Dow drops over 300 points as recession fears keep pressure on stocks
    • 



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










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		Looking Ahead 28 Days from December 16, 2022; Plus Weekend Report; Plus Excerpts from NOAA Four-Season Outlook	





		
			
		
		December 17, 2022Posted inweatherNo Comments




	
Updated at 6:32 p.m. EST Monday, December 19, 2022 (Our regular evening report will be published tonight).


Once a week we show many of the actual forecast maps not just provide the links to these maps. This makes it easier for the reader. Our report provides a separate forecast for Days 1 and 2, Days  1-5, Days 6 -10, Days 8 – 14, and weeks 3 and 4. We also include a next-day and 10-Day Global Average Temperature and Cumulative Precipitation Forecast. This provides information that is useful to readers in terms of planning their activities for the weekend and the next 28 days. Over the weekend and into Monday there will be frequent updates of the short-term forecast.


Looking out 28 days, what we see is:


    

  • For Temperature: The previous colder-than-normal air mass that entered the Northwest is moving east and being replaced by warmer-than-normal air from west to east.
    • 

  • For Precipitation: The evolution of the predicted Southern Tier drought for the first part of 2023.
    • 



We have also included the January 2023 and the JFM 2023 Outlook from the NOAA Seasonal Outlook issued on December 15, 2023.



















	




	
	

		16Dec2022 Market Close & Major Financial Headlines: Wall Street Major Indexes Opened Lower And Dow Falls 282 Points Friday, Second Straight Weekly Loss	





		
			
		
		December 16, 2022Posted inmarketsNo Comments




	
Summary Of the Markets Today:


    

  • The Dow closed down 282 points or 0.85%,
    • 

  • Nasdaq closed down 0.97%,
    • 

  • S&P 500 down 1.11%,
    • 

  • WTI crude oil settled at $74 down $1.78,
    • 

  • USD $104.78 up $0.22,
    • 

  • Gold $1802 up $14,60,
    • 

  • Bitcoin $16,895 down 2.99% – Session Low 16,781,
    • 

  • 10-year U.S. Treasury 3.488% up 0.004%
    • 

  • Baker Hughes Rig Count: U.S. -4 to 776 Canada -3 to 199
    • 



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




Click here to read our Economic Forecast for December 2022




Today’s Economic Releases:


The Livingston Survey for December 2022 project decreasing real GDP growth, increasing unemployment, higher inflation, higher short term interest rates, and lower expectations for stock market pricing.




Container movements through the Ports of Los Angeles and Long Beach are a bellwether for economic growth. Imports in December 2022 are down 74% year-over-year and exports are up 111% year-over-year. Although there are many factors in play, this suggests a slowing of the U.S. economy.




A summary of headlines we are reading today:




    

  • U.S. Begins SPR Repurchase Program As Oil Prices Crash
    • 

  • Fords Electric Pickup Is $15,000 More Expensive Than Its Original Listing Price
    • 

  • U.S. Oil Rig Count Slips Along With Crude Prices
    • 

  • Tyson Foods stock slips to lowest levels since November 2020 in a three-day losing streak
    • 

  • U.S. safety regulators investigating GM’s Cruise robotaxis blocking traffic, causing collisions
    • 

  • US Lawmakers Negotiating Over 7,500 ‘Pork-Barrel Spending’ Earmarks Totaling $16 Billion For Spending Bill
    • 

  • Most IT stocks could fall 10-30% as slowdown starts to bite: Sandip Sabharwal
    • 



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










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		NOAA Updates its Four Season Outlook on December 15, 2022 – La Nina Winter then Big Changes	





		
			
		
		December 16, 2022Posted inweatherNo Comments




	
La Nina Winter, then ENSO Neutral and then maybe something else (this is very little change from last month’s assessment)




Today is the third Thursday of the month so right on schedule NOAA has issued what I describe as their Four-Season Outlook. The information released also includes the MId-Month Outlook for the single month of January plus the weather and drought outlook for the next three months.  I present the information issued and try to add context to it. It is quite a challenge for NOAA to address the subsequent month, the subsequent three-month period as well as successive three-month periods for a year or a bit more.




We will begin to see the impacts of the end of La Nina for precipitation in March/April/May of 2023 and for temperature in May/June/July of 2023.


The maps show a series of changes which I have highlighted in my comments. Next winter will be very different than this winter.


It is very useful to read the excellent discussion that NOAA issues with this Seasonal Outlook. NOAA seems to be more confident about making predictions beyond six months. They even predict a good Southwest Monsoon next summer which they never used to do this far in advance.





















	




	
	

		Weather Forecast: Today, Tomorrow, Five Days, 10 Days U.S. and World December 15, 2022	





		
			
		
		December 16, 2022Posted inweatherNo Comments




	
Here is what we are paying attention to today, and the next 48 hours from Friday Afternoon’s NWS Forecast. This is a combination of a U.S. plus World Weather Forecast.


Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
247 PM EST Fri Dec 16 2022

Valid 00Z Sat Dec 17 2022 - 00Z Mon Dec 19 2022

...Light snow showers gradually coming to an end over the northern Plains
and Upper Midwest...

...Heavy snow to impact portions of the Interior Northeast through
Saturday...

...Well below normal temperatures enter the north-central U.S. by Sunday...