Sunday, November 27, 2016

Sunday Night Futures

by Bill McBride on 11/27/2016 08:18:00 PM

The words of a President matter. Same with the words of a President-elect. Just like during the campaign, Donald Trump just keeps making stuff up ...

"In addition to winning the Electoral College in a landslide, I won the popular vote if you deduct the millions of people who voted illegally" Donald Trump, Nov 27, 2016
There is no evidence of significant voter fraud. Sad. And dangerous. Trump is known to make up economic data too ... and that could have negative consequences for the economy and stock market.

Weekend:
Schedule for Week of Nov 27, 2016

November NFP Forecasts

Monday:
• At 10:30 AM ET, Dallas Fed Survey of Manufacturing Activity for November. This is the last of the regional Fed surveys for October.

From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are down 5, and DOW futures are down 30 (fair value).

Oil prices were up over the last week with WTI futures at $45.39 per barrel and Brent at $46.52 per barrel.  A year ago, WTI was at $41, and Brent was at $43 - so oil prices are up year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.12 per gallon - a year ago prices were at $2.04 per gallon - so gasoline prices are up slightly year-over-year.