Sunday, October 18, 2015

Sunday Night Futures

by Bill McBride on 10/18/2015 09:17:00 PM

Weekend:
Schedule for Week of October 18, 2015

Monday:
• At 10:00 AM, the October NAHB homebuilder survey. The consensus is for a reading of 62, unchanged from September. Any number above 50 indicates that more builders view sales conditions as good than poor.

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

Oil prices were down over the last week with WTI futures at $47.31 per barrel and Brent at $50.50 per barrel.  A year ago, WTI was at $82, and Brent was at $85 - so prices are down about 40% year-over-year (It was a year ago that prices were falling sharply).

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.26 per gallon (down about $0.75 per gallon from a year ago).