Sunday, May 14, 2017

Monday: NY Fed Mfg Survey, Homebuilder Survey

by Bill McBride on 5/14/2017 08:38:00 PM

Weekend:
Schedule for Week of May 14, 2017

Monday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for May. The consensus is for a reading of 7.0, up from 5.2.

• At 10:00 AM, The May NAHB homebuilder survey. The consensus is for a reading of 68, unchanged from 68 in April. 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 up slightly (fair value).

Oil prices were up over the last week with WTI futures at $47.82 per barrel and Brent at $50.81 per barrel.  A year ago, WTI was at $47, and Brent was at $48 - so oil prices are up slightly year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.33 per gallon - a year ago prices were at $2.23 per gallon - so gasoline prices are up about 10 cents a gallon year-over-year.