by Bill McBride on 5/30/2016 07:54:00 PM
Monday, May 30, 2016
• At 8:30 AM ET, Personal Income and Outlays for April. The consensus is for a 0.4% increase in personal income, and for a 0.7% increase in personal spending. And for the Core PCE price index to increase 0.2%.
• At 9:00 AM, S&P/Case-Shiller House Price Index for March. Although this is the February report, it is really a 3 month average of January, February and March prices. The consensus is for a 5.1% year-over-year increase in the Comp 20 index for March. The Zillow forecast is for the National Index to increase 5.3% year-over-year in March.
• At 9:45 AM, Chicago Purchasing Managers Index for May. The consensus is for a reading of 50.7, up from 50.4 in April.
• At 10:00 AM, the Dallas Fed Survey of Manufacturing Activity for May.
• Schedule for Week of May 29, 2016
• The War on Data
From CNBC: Pre-Market Data and Bloomberg futures: S&P are up 5 and DOW futures are up 50 (fair value).
Oil prices were up over the last week with WTI futures at $49.49 per barrel and Brent at $49.76 per barrel. A year ago, WTI was at $60, and Brent was at $63 - so prices are down about 20%+ year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.32 per gallon (down about $0.40 per gallon from a year ago).