Sunday, May 17, 2015

Sunday Night Futures

by Bill McBride on 5/17/2015 08:58:00 PM

• At 10:00 AM ET, the May NAHB homebuilder survey. The consensus is for a reading of 57, up from 56 last month. Any number above 50 indicates that more builders view sales conditions as good than poor.

Schedule for Week of May 17, 2015

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures and DOW futures are mostly unchanged (fair value).

Oil prices were up over the last week with WTI futures at $59.79 per barrel and Brent at $66.90 per barrel.  A year ago, WTI was at $100, and Brent was at $108 - so, even with the recent increases, prices are down 40%+ year-over-year.

Below is a graph from for nationwide gasoline prices. Nationally prices are up to $2.70 per gallon (down less than $1.00 per gallon 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