Sunday, September 20, 2015

Monday: Existing Home Sales

by Bill McBride on 9/20/2015 09:23:00 PM

Weekend:
Schedule for Week of September 20, 2015

Monday:
Existing Home Sales for August from the National Association of Realtors (NAR). The consensus is for 5.50 million SAAR, down from 5.59 million in July. Economist Tom Lawler estimates the NAR will report sales of 5.54 million SAAR.

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are down 3 and DOW futures are mostly unchanged (fair value).

Oil prices were down slightly over the last week with WTI futures at $44.83 per barrel and Brent at $47.53 per barrel.  A year ago, WTI was at $92, and Brent was at $97 - so prices are down over 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.29 per gallon (down over $1.00 per gallon from a year ago).