Sunday, October 16, 2016

Sunday Night Futures

by Bill McBride on 10/16/2016 08:23:00 PM

Schedule for Week of Oct 16, 2016

• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for October. The consensus is for a reading of 1.0, up from -2.0.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for September. The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to 75.6%.

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

Oil prices were up over the last week with WTI futures at $50.04 per barrel and Brent at $51.74 per barrel.  A year ago, WTI was at $47, and Brent was at $49 - so oil prices are UP year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $2.23 per gallon (down about 5 cents per gallon from a year ago).