Sunday, April 16, 2017

Sunday Night Futures

by Bill McBride on 4/16/2017 11:51:00 PM

Weekend:
Schedule for Week of Apr 16, 2017

Monday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of 15.0, down from 16.4.

• At 10:00 AM, The April NAHB homebuilder survey. The consensus is for a reading of  70, down from 71 in March. Any number above 50 indicates that more builders view sales conditions as good than poor.

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

Oil prices were up slightly over the last week with WTI futures at $52.75 per barrel and Brent at $55.44 per barrel.  A year ago, WTI was at $40, and Brent was at $41 - so oil prices are up about 30% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.41 per gallon - a year ago prices were at $2.12 per gallon - so gasoline prices are up about 29 cents a gallon year-over-year.