Sunday, July 24, 2016

Sunday Night Futures

by Bill McBride on 7/24/2016 07:37:00 PM

Weekend:
Schedule for Week of July 24, 2016

The Future is Still Bright!

Monday:
• At 10:30 AM ET: Dallas Fed Survey of Manufacturing Activity for July.

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

Oil prices were down over the last week with WTI futures at $44.26 per barrel and Brent at $45.69 per barrel.  A year ago, WTI was at $48, and Brent was at $54 - so prices are down 10% to 15% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.16 per gallon (down over $0.50 per gallon from a year ago).