Sunday, December 07, 2014

Sunday Night Futures

by Bill McBride on 12/07/2014 08:22:00 PM

Monday:
• At 10:00 AM ET, the Fed will release the monthly Labor Market Conditions Index (LMCI).

Weekend:
Schedule for Week of December 7th

Decline in the Labor Force Participation Rate: Mostly Demographics and Long Term Trends

The Future's so Bright ...

From CNBC: Pre-Market Data and Bloomberg futures: currently the S&P futures are up slightly and DOW futures are also up slightly (fair value).

Oil prices were down over the last week with WTI futures at $65.84 per barrel and Brent at $69.07 per barrel.  A year ago, WTI was at $97, and Brent was at $112 - so prices are down 32% and 38% year-over-year respectively.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around $2.68 per gallon (down about 60 cents from a year ago).  If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.



Orange County Historical Gas Price Charts Provided by GasBuddy.com