SCOTUS keeps Trump-era immigration policy in place, for now. The Supreme Court temporarily...
SCOTUS keeps Trump-era immigration policy in place, for now. The Supreme Court temporarily extended the use of Title 42 to turn away asylum-seekers at the southern border on public health grounds, which was due to expire tomorrow. Chief Justice John Roberts put a brief hold on the expiration ordered by a lower court after Republican-led states appealed to keep the rule in place. The impending end of the pandemic-era policy, which President Biden had pledged to repeal, has border cities like El Paso on edge.
December 23rd will mark the first day of the "Santa Claus Rally",...
December 23rd will mark the first day of the "Santa Claus Rally", which occurs on the last 5 trading days of the year and the first 2 trading days of the new year, according to Kenny Jimenez, research manager at Dow Jones Market Data.
The S&P 500 averages a gain of 1.32% and has traded higher 78% of the time since 1950.
But the odds of Santa appearing this year may be long. Not just because sentiment is currently so poor, but perhaps because a winning streak is looking a bit long in the tooth.
"If the S&P 500 finishes the Santa Claus rally period higher this year, it would be its 7th consecutive successful Santa Claus rally; surpassing the six successful rallies ending 2013/2014 and the longest since the 8 successful rallies between 1969/1970 and 1976/1977," says Jimenez.
Lumber dropped to a new low for 2022 as homebuilder sentiment slips for the 12th month in a row. The...
Lumber dropped to a new low for 2022 as homebuilder sentiment slips for the 12th month in a row. The critical building commodity is now down 68% year-to-date, and is off 79% from its record high reached in May 2021. "NAHB is expecting weaker housing conditions to persist in 2023 and we forecast a recovery coming in 2024," economist Robert Dietz said.
Benchmark U.S. crude oilfor January delivery rose 90 cents to $75.19 a barrel Monday. Brent crude for February delivery rose 76 cents to $79.80 a barrel.
Wholesale gasolinefor January delivery rose 5 cents to $2.18 a gallon. January heating oilfell 7 cents to $3.05 a gallon. January natural gas fell 75 cents to $5.85 per 1,000 cubic feet.
Between 18% and 22% of North Dakota's oil production was knocked offline Friday by a winter storm that...
Between 18% and 22% of North Dakota's oil production was knocked offline Friday by a winter storm that clobbered the northern US, but oil volumes were expected to make a swift recovery as conditions improve, said state Pipeline Authority Director Justin Kringstad. Drilling and completion activity was also expected to remain subdued for a few days.
