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Wednesday, January 4, 2023

Wednesday Watch List

The Institute of Supply Management's index of U.S. manufacturing for December is set for 9 a.m. CST Wednesday. Minutes from the latest Federal Reserve meeting will be out at 1 p.m. As usual, traders will check the latest weather forecasts, watch for any news of an export sale and likely be wary after Tuesday's sell-off in commodities.

Weather

A storm system continues to spin up around the Upper Midwest with continued light to moderate snow Wednesday. Meanwhile, the cold front will push eastward with a band or two of scattered showers from around the Appalachians eastward. Some additional severe weather will possible across the Southeast, a continuation of strong storms from Tuesday. Meanwhile, another storm will move into the West Coast.