10 July 2024 Market Close & Major Financial Headlines: Fourth Session In A Row The S&P 500 And The Nasdaq Set New Historical Highs And Closing Levels

Summary Of the Markets Today:

  • The Dow closed up 429 points or 1.09%,
  • Nasdaq closed up 1.18%, (Closed at 18,647, New Historic high 18,655)
  • S&P 500 closed up 1.02%, (Closed at 5,634, New Historic high 5,635)
  • Gold $2,378 up $7.50,
  • WTI crude oil settled at $82 up $1.01,
  • 10-year U.S. Treasury 4.278 down 0.020 points,
  • USD index $105.03 down $0.100,
  • Bitcoin $57,449 up $599 or 1.03%,

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


Click here to read our current Economic Forecast – July 2024 Economic Forecast: One Recession Flag Removed But Little Indication The Economy Is Strengthening


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

May 2024 sales of merchant wholesalers were up 1.9% from the revised May 2023 level. Total inventories of merchant wholesalers were down 0.5% from the revised May 2023 level. The May inventories/sales ratio for merchant wholesalers was 1.35. The May 2023 ratio was 1.39. My bottom line is that employment is growing in this sector (even faster than sales growth) whilst inventories are marginally falling – this seems to be a relatively above average sector in the economy right now.

Fed Chair Powell’s second day of the semiannual monetary policy testimony navigated politically charged questions which he declined to answer. Powell reiterated that he was not sending any signals about the outlook for monetary policy when he said that the risks are more balanced to the outlook in the context of the dual mandate. He said, “The job is not done on inflation,” and that there has been “considerable softening in the labor market”. I smiled when I read many stock market pumpers mistook his statements yesterday to mean that a federal funds rate cuts were coming soon.

Here is a summary of headlines we are reading today:

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

Today Through the Fourth Friday (22 to 28 days) Weather Outlook for the U.S. and a Six-Day Forecast for the World: posted July 10, 2024

This article focuses on what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term U.S. outlooks and a six-day World weather outlook which can be very useful for travelers.

First the NWS Short Range Forecast. The afternoon NWS text update can be found here after about 4 p.m. New York time but it is unlikely to have changed very much from the morning update. The images in this article automatically update.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
Wed Jul 10 2024
Valid 12Z Wed Jul 10 2024 – 12Z Fri Jul 12 2024

…Post-Tropical Cyclone Beryl to bring Severe Thunderstorms, heavy rain
and flooding to parts of the Midwest, eastern Great Lakes, and Northeast
today…

…Dangerous heat and record high temperatures to continue for much of the
West through the end of the work week…

…Major to Extreme HeatRisk over portions of the East Coast today…

Post-Tropical Cyclone Beryl will continue northeastward through Ohio and
into Ontario and rainfall will increase over northern areas of New York
into New England. Thunderstorms could be severe in some parts of the Lower
Great Lakes/interior Northeast, with some tornado potential. The Storm
Prediction Center issued an Enhanced Risk (level 3/5) for these areas as a
result. The flash flooding threat will be greater over parts of
northeastern New York into northern Vermont/New Hampshire, where a
Moderate Risk (at least 40%) of Excessive Rainfall is in effect.
Elsewhere, showers and some thunderstorms are possible over parts of New
Mexico, along the Gulf Coast, and into the Southeast/Mid-Atlantic. A
Slight Risk (at least 15%) of Excessive Rainfall is in effect over
portions of south-central New Mexico where heavy rainfall over the
Sacramento Mountains and adjacent burn scars could trigger Flash Flooding.
Things settle down considerably over the Northeast by Thursday.

In the West, the intense heat will continue for at least a few more days,
with temperatures well above normal and reaching or exceeding daily record
highs over many locations from Mexico to Canada west of the Rockies.
Excessive heat warnings or heat advisories are in effect for much of the
area outside the high mountains, even including the foothills.
Temperatures well into the 100s/110s will be commonplace, resulting in a
widespread Major to Extreme HeatRisk. In addition to the record high daily
temperatures, the early morning lows are also expected to set records
across large portions of the West over the coming few mornings. The
multi-day length and record warm overnight temperatures will continue to
cause heat stress to anyone without adequate cooling and hydration.

Temperatures will be cooler than average along the path of Post-Tropical
Cyclone Beryl thanks to overcast skies and rain. Ahead of its path, the
East Coast will see another day of warm/hot temperatures well into the 90s
from the Mid-Atlantic southward through the Carolinas. The high humidity
values will result in heat index values over 100F for many of these areas.
This will also promote many record high minimum temperatures that only dip
into the mid/upper 70s at night (and near 80 in some urban centers such as
Baltimore and Washington, D.C.). Heat advisories are in effect for much of
the I-95 corridor between the Appalachians and the coast, while Excessive
Heat Warnings are in effect for Philadelphia and the surrounding counties.
By Thursday, temperatures may cool by a couple degrees as the cold front
associated with Beryl reaches the East Coast but may stall across the
region. This could finally bring some much needed rain to the
Mid-Atlantic, with isolated flash flooding possible over parts of the
Virginia/Carolina Tidewater.

To get your local forecast plus active alerts and warnings click HERE and enter your city, state or zip code.

Learn about wave patterns HERE.

Then, looking at the world and of course, the U.S. shows here also. Today we are looking at precipitation.

Please click on “Read More” below to access the full Daily Report issued today.

09 July 2024 Market Close & Major Financial Headlines: Third Session In A Row The S&P 500 And The Nasdaq Set New Historical Highs, The Dow Opened Sharply Lower And Closed Fractionally Down In The Red

Summary Of the Markets Today:

  • The Dow closed down 53 points or 0.13%,
  • Nasdaq closed up 0.14%, (Closed at 18,429, New Historic high 18,512)
  • S&P 500 closed up 0.07%, (Closed at 5,577, New Historic high 5,591)
  • Gold $2,371 up $7.50,
  • WTI crude oil settled at $82 down $0.81,
  • 10-year U.S. Treasury 4.294 up 0.026 points,
  • USD index $105.12 up $0.120,
  • Bitcoin $57,860 up $1,150 or 2.05%,

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


Click here to read our current Economic Forecast – July 2024 Economic Forecast: One Recession Flag Removed But Little Indication The Economy Is Strengthening


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

In today’s testimony to Congress on monetary policy, Fed Chair Jerome Powell stated in part:

The Committee has stated that we do not expect it will be appropriate to reduce the target range for the federal funds rate until we have gained greater confidence that inflation is moving sustainably toward 2 percent. Incoming data for the first quarter of this year did not support such greater confidence. The most recent inflation readings, however, have shown some modest further progress, and more good data would strengthen our confidence that inflation is moving sustainably toward 2 percent … We continue to make decisions meeting by meeting. We know that reducing policy restraint too soon or too much could stall or even reverse the progress we have seen on inflation. At the same time, in light of the progress made both in lowering inflation and in cooling the labor market over the past two years, elevated inflation is not the only risk we face. Reducing policy restraint too late or too little could unduly weaken economic activity and employment. In considering adjustments to the target range for the federal funds rate, the Committee will continue its practice of carefully assessing incoming data and their implications for the evolving outlook, the balance of risks, and the appropriate path of monetary policy.

There is no bottom line on monetary policy. The only definitive element is that the Fed does not want to adjust the federal funds rate today. Tomorrow or five years from now may be the right time 🙂

The NFIB Small Business Optimism Index reached the highest reading of the year in June at 91.5, a one-point increase from last month. The last time the index was higher was in December of 2023 when it reached 91.9. Even so, this marks the 30th month below the historical average of 98. Inflation is still the top small business issue, with 21% of owners reporting it as their single most important problem in operating their business, down one point from May. NFIB Chief Economist Bill Dunkelberg stated:

Main Street remains pessimistic about the economy for the balance of the year. Increasing compensation costs has led to higher prices all around. Meanwhile, no relief from inflation is in sight for small business owners as they prepare for the uncertain months ahead.

Here is a summary of headlines we are reading today:

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

Today Through the Fourth Friday (22 to 28 days) Weather Outlook for the U.S. and a Six-Day Forecast for the World: posted July 9, 2024

This article focuses on what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term U.S. outlooks and a six-day World weather outlook which can be very useful for travelers.

First the NWS Short Range Forecast. The afternoon NWS text update can be found here after about 4 p.m. New York time but it is unlikely to have changed very much from the morning update. The images in this article automatically update.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
Tue Jul 09 2024
Valid 12Z Tue Jul 09 2024 – 12Z Thu Jul 11 2024

…Beryl to bring heavy rain and flooding from the Lower Arkansas River
Valley, northeast into the Middle Mississippi Valley, Lower Ohio Valley
and Lower Great Lakes…

…Record high temperatures to continue into mid week across large
portions of the west coast, while record high minimum temperatures stretch
from the Gulf coast, northeast along the East coast…

Beryl is expected to move steadily northeastward from central Arkansas
today into the Lower Ohio Valley tonight and into the Lower Great Lakes on
Wednesday. While the wind speeds associated with Beryl will continue to
weaken as it moves farther from the Gulf of Mexico, the storm will
continue to be a prolific heavy rain producer as it pushes northeastward.
Widespread heavy rains and thunderstorms are likely along and to the
northeast of the path of Beryl over the next two days with rainfall totals
of 2-5″ from central Arkansas, across southeast Missouri, central to
southern Illinois, Indiana into the southern portions of the L.P. of
Michigan and then over portions of upstate New York and Vermont/New
Hampshire. These amounts are following the 5 to 10+ inches of rain that
fell along the path of Beryl as it pushed inland earlier Monday along the
central Texas Gulf Coast. Severe thunderstorms capable of producing
tornadoes will be possible over portions of the lower Ohio Valley today
followed by the interior Northeast on Wednesday. A higher end Slight Risk
(at least 25%) of Excessive Rainfall leading to Flash Flooding is in
effect for portions of upstate New York into Vermont on Wednesday. Flood
watches are currently in effect along the path of Beryl from northern
Arkansas, northeastward into the southeastern L.P. Michigan, affecting
over 21 million people.

No let up expected to the string of record high temperatures being set
across large portions of the West. The mid to upper-level high that has
been anchoring the record record heat in the West is not expected to
change much over the next several days, as it remains locked in place,
stretching from Southern California/Desert Southwest, northward through
the Great Basin and across the Pacific Northwest and Northern Rockies.
Excessive Heat Warnings, Watches, and Heat Advisories are currently in
effect for nearly all of Washington State, Oregon, California, Idaho,
Nevada and western Arizona. Numerous record high temperatures are
expected across these areas over the next few days where high temperatures
will be anywhere from 10 to as high as 30 degrees above average. In
addition to the record high daily temperatures, the early morning lows are
also expected to set records across large portions of the West over the
coming two mornings. The multi-day length and record warm overnight
temperatures will continue to cause heat stress to anyone without adequate
cooling and hydration.

Elsewhere, much above average temperatures also likely to remain in place
along much of the east over the next few days. While there is not
forecast to be many record high temperatures across the East over the next
few days, numerous record high minimum temperatures are likely from the
eastern Gulf coast, through the Southeast, Mid-Atlantic and into southern
New England. Heat advisories are currently in effect across large portions
of the South, Southeast, Mid-Atlantic and southern New England with this
likely to continue over the next few days. An Excessive Heat Warning is in
effect across portions of southwestern West Virginia for this afternoon
due to the combination of hot temperatures and high humidity create a
dangerous situation in which heat related illnesses are likely.

To get your local forecast plus active alerts and warnings click HERE and enter your city, state or zip code.

Learn about wave patterns HERE.

Then, looking at the world and of course, the U.S. shows here also. Today we are looking at precipitation.

cone graphic

Please click on “Read More” below to access the full Daily Report issued today.

08 July 2024 Market Close & Major Financial Headlines: Second Session In A Row The S&P 500 And The Nasdaq Set New Historical Highs, While The Dow Opened Sharply Higher, But Fell Fractionally Below The unchanged Line, Closing Down, Almost Flat

Summary Of the Markets Today:

  • The Dow closed down 31 points or 0.08%,
  • Nasdaq closed up 0.28%, (Closed at 18,404, New Historic high 18,417)
  • S&P 500 closed up 0.10%, (Closed at 5,573, New Historic high 5,583)
  • Gold $2,367 down $30.80,
  • WTI crude oil settled at $82 down $0.94,
  • 10-year U.S. Treasury 4.275 up 0.003 points,
  • USD index $105.01 up $0.140,
  • Bitcoin $56,475 up $621 or 1.11%,

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


Click here to read our current Economic Forecast – July 2024 Economic Forecast: One Recession Flag Removed But Little Indication The Economy Is Strengthening


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

No releases today.

Here is a summary of headlines we are reading today:

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

Today Through the Fourth Friday (22 to 28 days) Weather Outlook for the U.S. and a Six-Day Forecast for the World: posted July 8, 2024

This article focuses on what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term U.S. outlooks and a six-day World weather outlook which can be very useful for travelers.

First the NWS Short Range Forecast. The afternoon NWS text update can be found here after about 4 p.m. New York time but it is unlikely to have changed very much from the morning update. The images in this article automatically update.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
Mon Jul 08 2024
Valid 12Z Mon Jul 08 2024 – 12Z Wed Jul 10 2024

…Hurricane Beryl to bring very heavy rain, damaging hurricane-force
winds and life-threatening storm surge to the Texas coast today…

…Extreme heat re-focuses over the Desert Southwest and interior Pacific
Northwest; more heat and humidity for the Mid-Atlantic as well…

Hurricane Beryl is expected to track up into the ArkLaTex today.
Life-threatening storm surge and rip currents are likely along much of the
Texas Coast, but especially from Mesquite Bay to Sabine Pass. Residents in
those areas should follow any advice given by local officials and follow
evacuation orders. Damaging hurricane-force winds are also expected for
portions of the Texas Coast around the time of Beryl’s landfall this
morning. A Hurricane Warning is in effect from Mesquite Bay to San Luis
Pass. Severe thunderstorms are likely to occur from the eastern
Texas/western Louisiana coast up through the ArkLaTex today, where a
Slight Risk (level 2/5) and embedded Enhanced Risk (level 3/5) are in
effect. Considerable flash and urban flooding are expected through tonight
across portions of the middle and upper Texas Gulf Coast and eastern
Texas. Minor to isolated major river flooding is also expected. A Moderate
Risk (at least 40%) of Excessive Rainfall leading to Flash Flooding is in
effect for eastern Texas up into the ArkLaTex for today. Please refer to
the National Hurricane Center for more information on Beryl.

A deep and well entrenched upper-level ridge stationed over the West will
support the continuation of an extreme heat wave across the region early
this week. High temperatures in the upper 90s to low 110s will represent
15-30 degree anomalies. Widespread high and low temperature records will
likely be tied or broken over the next couple of days as a result of this
unusual heat. The multi-day length and record warm overnight temperatures
will continue to cause heat stress in people without adequate cooling and
hydration. The heat wave is forecast to shift from California and Oregon
north to Washington and east over the Great Basin and Arizona through
mid-week.

Heavy rainfall and thunderstorms spread into the Mississippi Valley on
Tuesday as Beryl transitions into a Post-Tropical Cyclone. There’s a
Slight Risk (at least 15%) of Excessive Rainfall over portions of northern
Arkansas through southeastern Missouri, far western Kentucky,
southern/central Illinois and far western Indiana. The cold front attached
to Beryl will become quasi-stationary over portions of the central Gulf
Coast and support training rainfall on Tuesday. Thus, a Slight Risk of
Excessive Rainfall is in effect for parts of Louisiana’s central
coastline. Heat and humidity begin to build over the Mid-Atlantic today as
the upper trough that will eventually pick up Beryl directs moisture and
warm air northward across the East Coast. Strong southerly flow and clouds
will contribute to warm overnight temperatures in the 70s. These
temperatures will likely tie or break existing records across much of the
Appalachians and East Coast through midweek.

To get your local forecast plus active alerts and warnings click HERE and enter your city, state or zip code.

Learn about wave patterns HERE.

Then, looking at the world and of course, the U.S. shows here also. Today we are looking at precipitation.

cone graphic

Please click on “Read More” below to access the full Daily Report issued today.

Today Through the Fourth Friday (22 to 28 days) Weather Outlook for the U.S. and a Six-Day Forecast for the World: posted July 7, 2024

This article focuses on what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term U.S. outlooks and a six-day World weather outlook which can be very useful for travelers.

First the NWS Short Range Forecast. The afternoon NWS text update can be found here after about 4 p.m. New York time but it is unlikely to have changed very much from the morning update. The images in this article automatically update.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
Sun Jul 07 2024
Valid 12Z Sun Jul 07 2024 – 12Z Tue Jul 09 2024

…Beryl to bring significant impacts to the Texas coast beginning today
before making landfall as a Hurricane tonight…

…Extremely dangerous heat wave continues in the West….

…Focus of severe thunderstorms and heavy rainfall expected to shift
south into Oklahoma today…

…Critical Fire Weather over portions of southern Utah…

The upper pattern across the CONUS will consist of a dome of high pressure
in the West, a digging trough in the Central U.S. and more ridging in the
Southeast heading into the beginning of the work week.

Beryl, which is currently a Tropical Storm, is forecast to strengthen to a
Hurricane before making landfall early Monday morning. Tropical Storm
force winds could develop as early as this evening for the upper Texas
coast. Heavy rainfall, severe thunderstorms, as well as strong rip
currents and coastal inundation from storm surge are the most likely
impacts from Beryl. There’s a Moderate Risk (at least 40%) of Excessive
Rainfall leading to Flash Flooding for portions of the central Texas Coast
from Aransas up to Galveston County today. There’s a Slight Risk of Severe
Thunderstorms along the middle to upper Texas coast with severe wind
gusts, isolated to large hail and a few tornadoes possible. Excessive
Rainfall and Severe Thunderstorm threats spread farther inland through the
ArkLaTex on Monday. Another Moderate Risk of Excessive Rainfall is in
effect from the central/northern Texas coast up into northeast Texas near
the ArkLaTex. Hurricane, Tropical Storm and Storm Surge Warnings are in
effect for portions of the Texas Coast from South Padre Island up through
the Houston metro area. For more information please refer to the National
Hurricane Center.

The extremely dangerous heat wave in the West is forecast to continue and
expand across the Northwest and into the Northern High Plains over the
next few days. Dozens of daily record temperatures are forecast to be tied
or broken into the work week. Highs in the 100s to 110s and lows in the
70s will represent 15-30 degree positive temperature anomalies. The
multi-day nature of the heat and record warm overnight temperatures will
cause heat stress to build in people without adequate cooling and
hydration. In addition to the heat, dry and windy conditions over parts of
southern Utah will contribute to a Critical Fire Weather Risk today.

The digging upper trough over the Central U.S. will push a surface cold
front south through the Central Plains today. An MCS is expected to
develop between the cold front and a warm front lifting up from the
Southern High Plains. This area of convergence will be ripe for severe
thunderstorms and heavy rainfall this afternoon. There are Slight Risks of
Severe Thunderstorms and Excessive Rainfall over portions of northern
Texas, central Oklahoma and southern Kansas, where the MCS is forecast to
produce severe wind gusts and isolated flash flooding. A quasi-stationary
surface front draped across the Southeast will focus scattered to isolated
thunderstorm activity across the region over the next couple days. An
isolated instance of flash flooding cannot be ruled out as a result.

To get your local forecast plus active alerts and warnings click HERE and enter your city, state or zip code.

Learn about wave patterns HERE.

Then, looking at the world and of course, the U.S. shows here also. Today we are looking at precipitation.

cone graphic

Please click on “Read More” below to access the full Daily Report issued today.

Quantity of Money and Inflation. Part 1. General Considerations

We have found that the correlation relationships between various types of credit and inflation are variable over time.  The same is true for the M2 money supply.  The sources of credit studied are government deficit spending,1,6 consumer credit,2 mortgage debt,3 nonfinancial corporate credit,4 and financial sector debt.5   The correlation between the M2 money supply and inflation was reported here.7  The measure of inflation for these studies was the Consumer Price Index (CPI).8  In this and subsequent posts, we will review the results of previous studies. The objectives will be to understand the quantity of money vs. inflation correlation studies’ potential limitations and rank the observed correlations for possible importance.


Photo by Alexandre Perotto on Unsplash

The Spring Climate Report for the Midwest, Missouri River and Great Lake Basins – Posted on July 6, 2024

Many useful reports can be found at Drought.Gov. This is the LINK for the reports.

The way these reports are utilized was assessed by a survey in 2017 and this is a summary of the survey results.

The table of who uses these reports is very interesting.  The survey was for the three regions that I am showing in this article. It may have changed over time.

Some will need to click on “READ MORE” to access the rest of this article.

Today Through the Fourth Friday (22 to 28 days) Weather Outlook for the U.S. and a Six-Day Forecast for the World: posted July 6, 2024

This article focuses on what we are paying attention to in the next 48 to 72 hours. The article also includes weather maps for longer-term U.S. outlooks and a six-day World weather outlook which can be very useful for travelers.

First the NWS Short Range Forecast. The afternoon NWS text update can be found here after about 4 p.m. New York time but it is unlikely to have changed very much from the morning update. The images in this article automatically update.

Short Range Forecast Discussion
NWS Weather Prediction Center College Park MD
401 AM EDT Sat Jul 06 2024

Valid 12Z Sat Jul 06 2024 – 12Z Mon Jul 08 2024

…Extremely dangerous heat continues in the West, with heat persisting in
the Eastern U.S….

…Severe thunderstorms and Excessive rainfall possible for portions of
the Central Plains and Lower Mississippi Valley today, then the
Central/Southern Plains on Sunday…

…Beryl is forecast to re-intensify over the southwestern Gulf of Mexico
today and threaten the western Gulf Coast of the U.S. beginning on
Sunday…

…Critical Fire Weather possible over portions of the Upper Great Basin
and Four Corners Regions this weekend…

An amplified upper-level pattern over the CONUS will support record
breaking heat in the West, severe weather and heavy to excessive rainfall
over the Central U.S., and some more heat risk in the
Mid-Atlantic/Southeast this weekend. A staunch upper ridge continues to
promote an intense, widespread and long duration heat wave across the
West. Widespread temperature records are expected to be tied or broken
this weekend with highs in the upper 90s to 110s likely up and down the
West Coast and portions of the Great Basin. These conditions will be
extremely dangerous and potentially deadly if not taken seriously. The
multi-day nature of the heat and record warm overnight temperatures will
cause heat stress to build in people without adequate cooling and
hydration. Excessive Heat Watches, Warnings and Heat Advisories are in
effect for much of the West. Hazardous heat will continue in the
Mid-Atlantic and Southeast today. Heat index values will approach or
exceed 110 degrees at times. Heat Advisories stretch from upstate New York
down the East Coast to the Alabama coast. The intense heat paired with dry
windy conditions will support a Critical Risk of Fires over portions of
southern Idaho today and southern Utah on Sunday.

Elsewhere, an upper-level trough stationed over the Central U.S. will
amplify and dig into the Southern Plains this weekend. At the surface, a
pair of slow moving low pressure systems will focus areas of showers and
thunderstorms across the Great Plains and Mississippi Valley. The Storm
Prediction Center issued a Slight Risk (level 2/5) of Severe Thunderstorms
across parts of the Central Plains this afternoon/evening. Isolated large
hail and severe wind gusts are expected from the Southern High Plains into
the Upper Midwest. Mid-level energy propagating atop a moist, unstable
environment and quasi-stationary front at the surface will support
convection and locally heavy rainfall from central Texas through the
Central Gulf Coast today. There’s a Slight Risk of Excessive Rainfall (at
least 15%) over much of Louisiana. Another round of heavy rainfall could
produce heavy to excessive rainfall for parts of central Oklahoma northern
Texas and southern Kansas on Sunday. A Slight Risk of Excessive Rainfall
is in effect for the aforementioned areas. Some more scattered to isolated
storms will occur over portions of the Northeast today with potential for
isolated Flash Flooding.

Tropical Storm Beryl is forecast to intensify as it moves through the
western Gulf of Mexico today. Beryl is forecast to strengthen into a
Hurricane on Sunday night before making landfall somewhere along the Texas
Coast. The exact location of Beryl’s landfall is uncertain at this point
but what’s most important is that heavy rainfall, strong winds and storm
surge are expected for much of the state’s coastline and portions of the
central Gulf Coast beginning tonight into Sunday. Please refer to the
National Hurricane Center for the latest Beryl forecast track and
intensity.

To get your local forecast plus active alerts and warnings click HERE and enter your city, state or zip code.

Learn about wave patterns HERE.

Then, looking at the world and of course, the U.S. shows here also. Today we are looking at precipitation.

cone graphic

Please click on “Read More” below to access the full Daily Report issued today.