Monday, January 16, 2017

Monday Night Futures

by Bill McBride on 1/16/2017 07:37:00 PM

Weekend:
Schedule for Week of Jan 15, 2017

Tuesday:
• At 8:30 AM ET,The New York Fed Empire State manufacturing survey for January. The consensus is for a reading of 8.0, down from 9.0.

From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are down 3, and DOW futures are down 28 (fair value).

Oil prices were down over the last week with WTI futures at $52.49 per barrel and Brent at $55.86 per barrel.  A year ago, WTI was at $28, and Brent was at $28 - so oil prices are up sharply year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.34 per gallon - a year ago prices were at $1.92 per gallon - so gasoline prices are up 40 cents a gallon year-over-year.