Sunday, August 21, 2016

Sunday Night Futures

by Bill McBride on 8/21/2016 07:15:00 PM

Weekend:
Schedule for Week of Aug 21, 2016

Monday:
• At 8:30 AM ET, Chicago Fed National Activity Index for July. This is a composite index of other data.

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

Oil prices were up over the last week with WTI futures at $48.11 per barrel and Brent at $50.88 per barrel.  A year ago, WTI was at $40, and Brent was at $44 - so prices are up 15% or so year-over-year. Yes, UP year-over-year.

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