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• Stocks close with a pre-Christmas lift ahead of 3-day weekend
  U.S. stocks ended higher in a choppy, preholiday session Friday as an inflation report and a raft of...
  U.S. stocks ended higher in a choppy, preholiday session Friday as an inflation report and a raft of other data did little to change expectations that the Federal Reserve would likely continue hiking interest rates even if the economy slows.
  
  The Dow Jones Industrial Average DJIA rose 176.44 points, or 0.5%, to close at 33,203.93, posting a weekly advance of 0.9%.
  
  The S&P 500 SPX rose 22.43 points, or 0.6%, finishing at 3,844.82, leaving a weekly decline of 0.2%.
  
  The Nasdaq Composite COMP finished at 10,497.86, rising 6.85 points, or 0.4%. For the week, the index dropped 1.9%.
  
  The S&P 500 and Nasdaq were down for a third straight week. U.S. markets will be closed Monday in observance of Christmas Day, which falls on Sunday.
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• $100 Oil To Return In 2023
  Eric Nuttall, a partner, and senior portfolio manager at Ninepoint Partners LP, has...
  Eric Nuttall, a partner, and senior portfolio manager at Ninepoint Partners LP, has told the Financial Post that oil prices will return to $100 per barrel in 2023. According to the analysts, many of the headwinds that have cut short the oil price rally this year including China’s zero-Covid policy and the coordinated SPR releases by several governments will no longer be there in 2023. Coupled with sanctions on Russia’s oil and gas, this should elevate oil prices. He has also predicted that the energy sector will continue to outperform other market sectors due to the high demand for oil and gas stocks.
  
  He isn't the only bull in the room.
  
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• The U.S. Rig Count Comes Early for Christmas
  U.S. energy firms this week added oil and natural gas rigs for...
  U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes Co. said in its closely-followed report on Dec. 22, reported a day early due to the upcoming Christmas holiday weekend.
  
  The total oil and gas rig count, an early indicator of future output, rose by three to 779 in the week of Dec. 22, putting the total rig count up 193 rigs, or 33%, over this time last year.
  
  U.S. oil rigs rose by two to 622 this week, while gas rigs rose one to 155.
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• ☕️What Else is Brewing Friday Morning
  Tesla doubled its discounts on Model 3s and Model Ys in the US, which caused its stock to ...
  Tesla doubled its discounts on Model 3s and Model Ys in the US, which caused its stock to drop another 9%.
  
  The Taliban tried to defend its ban on Afghan women attending universities in response to growing criticism of the policy at home and abroad.
  
  Florida is the fastest-growing US state for the first time since 1957, per a new Census report.
  
  Also in that Census report: US life expectancy fell for the second straight year, to its lowest level in 25 years.
  
  US home sales plummeted a record 35% in November, per Redfin. Fed Chair Jerome Powell has been nuking the housing industry with rate hikes.
  
  
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• ❄️Winter Storms Wreak Havoc on Travel
  Not even a Hallmark movie could get you home now. Airlines canceled more than ...
  Not even a Hallmark movie could get you home now. Airlines canceled more than 5,000 flights Wednesday–Friday due to the massive winter storm barreling through the US during what’s (normally) the busiest travel time of the year, according to FlightAware. The storm, which has already sent temps below 0 degrees Fahrenheit in 18 states, is causing dramatic drops in temperature across the country: Montana hit –50 degrees yesterday and New York City is expected to go from 53 degrees to just 14 in a few hours this afternoon.
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