29Dec2022 Market Close & Major Financial Headlines: Wall Street Opened higher, Trading Trended Sideways, And Closed Near Session Highs

December 29, 2022Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed up 345 points or 1.05%,
  • Nasdaq closed up 2.59%,
  • S&P 500 up 1.75%,
  • WTI crude oil settled at $78 down $0.47,
  • USD $103.91 down $0.55,
  • Gold $1822 up $6.10,
  • Bitcoin $16,593 up 0. 05% – Session Low 16,478,
  • 10-year U.S. Treasury 3.826% down 0.06 points

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

Click here to read our Economic Forecast for December 2022

Today’s Economic Releases:

None

A summary of headlines we are reading today:

  • China Sets The Tone In Oil Markets At Year’s End
  • Another High-ranked Russian Military Officer Dies Unexpectedly
  • Southwest Airlines says it expects normal operations on Friday after thousands of cancellations
  • 2022 was tough for media stocks like Netflix and Disney, and 2023 doesn’t look good, either
  • 2023 could be another difficult year for the auto industry – here’s why
  • JPMorgan Sued By Virgin Islands Over Jeffrey Epstein’s Alleged Sex-Trafficking Operation
  • Tesla’s worst-ever year brings $17 billion windfall for shorts
  • Distributed Ledger: Mark Cuban says gold buyers are ‘dumb as f—,’ sparking a gold vs. bitcoin spat with Peter Schiff
  • Market Extra: Did 2022 break Wall Street’s ‘fear gauge’? Why the VIX no longer reflects the sorry state of the stock market

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

Weather Forecast: Tonight, Tomorrow, Next Day, Five Days, 10 Days for the U.S. with some maps for the World starting late December 28, 2022

December 29, 2022Posted inweatherNo Comments

Updated at 3:27 p.m. EST Thursday, December 29, 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
300 PM EST Thu Dec 29 2022

Valid 00Z Fri Dec 30 2022 - 00Z Sun Jan 01 2023

...Heavy rain likely along with possible flooding for the West Coast of
the U.S., with a focus from southwestern Oregon into central and northern
California through the weekend...

...Showers and thunderstorms with the potential for severe weather and
flash flooding across portions of eastern Texas into the lower/middle
Mississippi Valley and lower Ohio Valley...

...Temperatures will be well above average from the central to eastern
United States...

 

28Dec2022 Market Close & Major Financial Headlines: Wall Street Opened In The Green, Trading Trended Down, And Finally Closed Lower Near Session Bottom

December 28, 2022Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed down 366 points or 1.10%,
  • Nasdaq closed down 1.35%,
  • S&P 500 down 1.21%,
  • WTI crude oil settled at $79 down $0.90,
  • USD $104.53 up $0.35,
  • Gold $1812 down $10.90,
  • Bitcoin $16,596 down 0.34% – Session Low 16,569,
  • 10-year U.S. Treasury 3.883% up 0.025 points

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

Click here to read our Economic Forecast for December 2022

Today’s Economic Releases:

Pending home sales in November 2022 recorded the second-lowest monthly reading in 20 years as interest rates climbed, drastically cutting into the number of contract signings to buy a home.

Richmond Fed Manufacturing Survey in December 2022 showed the composite manufacturing index climbed into positive territory, increasing from −9 in November to 1 in December. The graph below shows the 3-month moving average which smooths out the monthly fluctuations – and it remains in negative territory. Each of its three component indexes — shipments, new orders and employment — improved, with the index for shipments seeing the most notable increase from −8 in November to 5 in December.

A summary of headlines we are reading today:

  • Seven Oil Cap-Compliant Tankers Sail From Russia
  • Credit Suisse Predicts $63 Oil
  • AMC shares hit a 52-week low as recent moves and gimmicks failed to win over investors
  • 2023 could be another difficult year for the auto industry – here’s why
  • SpaceX Launches Next-Gen Starlink Satellites Into Low Earth Orbit
  • Can top housing finance companies bounce back after a tepid year?

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

Weather Forecast: Tonight, Tomorrow, Next Day, Five Days, 10 Days for the U.S. with some maps for the World starting late December 27, 2022

December 28, 2022Posted inweatherNo Comments

Updated at 4:08 p.m. EST December 28, 2022

Here is what we are paying attention to the next 48 hours from Wednesday Morning’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
252 PM EST Wed Dec 28 2022

Valid 00Z Thu Dec 29 2022 - 00Z Sat Dec 31 2022

...Next surge of heavy rain and mountain snow to enter the West on
Thursday and continue through the end of the week...

...Increasing shower and thunderstorm chances across parts of the Gulf
Coast and lower Mississippi Valley...

...Well above average temperatures forecast throughout the central and
eastern United States...

Asia without America?

Asia without America?

December 28, 2022Posted inopinionNo Comments

No, it will not happen soon, either, just like the case in the Mideast (The Mideast without America?) and Europe (Europe without America?)!

America has been hugely influential in Asia since the end of WWII at least. But this influence has been significantly reduced over the past few decades, thanks to the dramatic comeback of China. As China continues to claim the 21st century, American influence in Asia, as well as elsewhere in the world, will gravely diminish.

By “Asia,” I will limit it to East Asia mostly in this post.

27Dec2022 Market Close & Major Financial Headlines: Wall Street Opened Sharply Down, Recovered Trading Along The Unchanged Line, And Finally Closed Mixed

December 27, 2022Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed up 38 points or 0.11%,
  • Nasdaq closed down 1.38%,
  • S&P 500 down 0.40%,
  • WTI crude oil settled at $80 down $0.04,
  • USD $104.19 down $0.12,
  • Gold $1822 up $18.60,
  • Bitcoin $16,656 down 1.08% – Session Low 16,607,
  • 10-year U.S. Treasury 3.849% up 0.105%

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

Click here to read our Economic Forecast for December 2022

Today’s Economic Releases:

S&P Dow Jones Indices (S&P DJI) shows the 20-City Composite posted a 8.6% year-over-year gain, down from 10.4% in the previous month. CoreLogic Deputy Chief Economist Selma Hepp stated:

As the year wrapped up, housing market indicators continued to weaken. In October, the CoreLogic S&P Case-Shiller Index annual gains slowed to single digits, posting a 9.2% year-over-year increase, the first single-digit increase since November 2020. And while home prices declined for the fourth consecutive month, the rate of monthly slowing eased some in October, down 0.5% compared to September, from 1% drops recorded in the two prior months. With price declines since the spring, home prices are now 3% lower nationally compared to their 2022 peaks — while San Francisco and Seattle continue to lead the 20 metros with 13% and 12% declines, respectively. By spring of next year, home prices in some of the declining markets will also start posting annual decreases.

A summary of headlines we are reading today:

  • The U.S. And China Are Rushing To Secure Resources In DR Congo
  • GasBuddy: $4 Gasoline Could Return In May
  • Christmas Grid Chaos Paves The Way For Transportable Nuclear Plants
  • Chinese EV maker Nio cuts delivery guidance for fourth quarter, citing Covid disruptions
  • ‘It’s massively welcome.’ What to know about the latest 1099-K tax reporting change for Venmo, PayPal
  • Bankman-Fried Criminal Case Assigned To Judge In bin Laden, Epstein-Linked Cases
  • DOJ Employed ‘Reverse Spying’ In Attempt To Shut Down Investigation Into Russia Collusion Hoax: Devin Nunes
  • Big Spending Bill Is A Big Problem For The Fed’s Inflation Fight
  • Futures Movers: U.S. oil ends near unchanged as refineries restart after winter storm
  • Market Snapshot: Dow wavers as bond yields rise after investors return from Christmas and look ahead to 2023

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

Weekend Report Plus Looking Ahead 28 Days from December 23, 2022

December 24, 2022Posted inweatherNo Comments

Updated at 6:49 p.m EST Tuesday, December 27, 2022  (regular Nightly Report will start tonight) (End of Month Report will be published Saturday Night)

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 Day 1, Day 2, Day 3  and   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: Generally warm but the area that is warmer than normal declines in the second half of the 28 days.
  • For Precipitation: Starts out wet but in the second half of the 28 days it reverts to a typical La Nina pattern of wetter to the north and drier to the south.

23Dec2022 Market Close & Major Financial Headlines: Wall Street’s Three Main Indexes Traded Along The Unchanged Line And Closed Fractionally Higher

December 23, 2022Posted inmarketsNo Comments

Summary Of the Markets Today:

  • The Dow closed up 176 points or 0.53%,
  • Nasdaq closed up 0.21%,
  • S&P 500 up 0.59%,
  • WTI crude oil settled at $80 up $2.60,
  • USD $104.30 down $0.14,
  • Gold $1804 up $10.20,
  • Bitcoin $16,806 up 0.10% – Session Low 16,775,
  • 10-year U.S. Treasury 3.751% up 0.08%

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

Click here to read our Economic Forecast for December 2022

Today’s Economic Releases:

New orders for manufactured durable goods in November 2022, down following three consecutive monthly increases, decreased by 2.1%. However, inflation-adjusted new orders for durable goods declined to 1% year-over-year from 4.5% the previous month. This could be a sign that the economy is slowing.

Sales of new single‐family houses in November 2022 were 15.3% below November 2021. The median sales price of new houses sold in November 2022 was $471,200. The average sales price was $543,600.

Real Disposable Personal income in November 2022 declined 2.5% year-over-year (improved from last month’s -3.0%). Real personal consumption expenditures (PCE) is 2.0% year-over-year (improved from last month’s 1.9%). The PCE price index increased 5.5% year-over-year moderating from 6,1% in the previous month. Moderation of the price index is a positive sign.

A summary of headlines we are reading today:

  • Secret Talks, Chinas Covid Crisis, And Bidens SPR Buyback Wrap Up A Wild Year
  • Oil Prices Jump After Russia Says It May Cut Production
  • Oil Prices Climb Despite Fears Of An Economic Slowdown
  • FedEx and UPS warn the storm could delay holiday packages, airlines cancel another 4,000 flights
  • Most supply chain managers expect problems to continue at least through 2024
  • Of Course, The Feds Were All Over Twitter
  • November Home Sales Suffer Biggest Crash In History
  • TaxWatch: IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here’s what went wrong.

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

Weather Forecast: Today, Tomorrow, Five Days, 10 Days U.S. and World December 23, 2022

December 23, 2022Posted inweatherNo Comments

Updated at 8:55 pm Friday December 23.  The weekend version of this article will be published later.

Here is what we are paying attention to the next 48 hours from Friday 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
244 PM EST Fri Dec 23 2022

Valid 00Z Sat Dec 24 2022 - 00Z Mon Dec 26 2022

...Blizzard and Arctic Blast to impact from the Midwest to the Northeast...

...Lake-effect snow downwind from Great Lakes with the highest snowfall
totals downwind from Lakes Erie, Ontario, and Superior...

...Rain/freezing rain to impact the Pacific Northwest and the Northern
High Plain...

...Temperatures will be 25 to 35 degrees below average from east of the
Rockies to the Appalachians...