Sunday, December 18, 2016

Sunday Night Futures

by Bill McBride on 12/18/2016 06:40:00 PM

Weekend:
Schedule for Week of Dec 18, 2016

Monday:
• 1:30 PM ET, Speech by Fed Chair Janet Yellen, The State of the Job Market, At the University of Baltimore 2016 Midyear Commencement, Baltimore, Maryland

From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are up 6, and DOW futures are up 40 (fair value).

Oil prices were down over the last week with WTI futures at $51.90 per barrel and Brent at $55.21 per barrel.  A year ago, WTI was at $35, and Brent was at $37 - so oil prices are up about 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.25 per gallon - a year ago prices were at $2.00 per gallon - so gasoline prices are up about 25 cents per gallon year-over-year.