Sunday, November 08, 2015

Sunday Night Futures

by Bill McBride on 11/08/2015 07:54:00 PM

Goldman Sachs chief economist Jan Hatzius as quoted in Business Insider:

"The October employment report was solidly better­-than-­expected, and we now see a rate increase from the FOMC at the December meeting as very likely."
More from Hatzius as quoted by Bloomberg's Matthew Boesler:
[Hatzius wrote] "our baseline view of the economy now implies a clear need for higher rates before long"
Weekend:
Schedule for Week of November 8, 2015

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

Oil prices were down over the last week with WTI futures at $44.37 per barrel and Brent at $47.48 per barrel.  A year ago, WTI was at $78, and Brent was at $83 - 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 $2.21 per gallon (down over $0.70 per gallon from a year ago).