Sunday, January 29, 2017

Sunday Night Futures

by Bill McBride on 1/29/2017 07:11:00 PM

On Trump immigration executive order:

"This isn't normal. Its not humane, its not thought through, its not necessary, its not wise, its not decent and above all, its not American."
Eliot A. Cohen, Counselor in the United States Department of State under Condoleezza Rice and President George W. Bush

Weekend:
Schedule for Week of Jan 29, 2017

These are Not Normal Times

From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are down 8, and DOW futures are down 60 (fair value).

Oil prices were down over the last week with WTI futures at $52.97 per barrel and Brent at $55.52 per barrel.  A year ago, WTI was at $33, and Brent was at $33 - so oil prices are up sharply year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.27 per gallon - a year ago prices were at $1.82 per gallon - so gasoline prices are up 45 cents a gallon year-over-year.