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Tuesday, October 25, 2022

Tuesday Watch List

An index of U.S. consumer confidence for October is due out at 9 a.m. CDT Tuesday, the only report of the day. Traders will continue to watch the latest weather forecasts and any reports from the Mississippi River. Outside market news will also get market attention with the Federal Reserve expected to raise interest rates again next week.

Weather

A cold front saw a low-pressure center form along it across Texas Monday and that low and front will continue northeast through the country Tuesday. Areas of rain and thunderstorms are exiting the Plains but will continue for the Delta, Southeast, and Midwest. Rain will disrupt the remaining harvest and there is a risk of severe storms across the Gulf Coast states. Cooler, drier air is filling in behind the front while another system is moving into the Pacific Northwest.