Sunday, May 07, 2017

Sunday Night Futures

by Bill McBride on 5/07/2017 08:15:00 PM

Weekend:
Schedule for Week of May 7, 2017

Monday:
• At 10:00 AM ET, the Fed will release the monthly Labor Market Conditions Index (LMCI).

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

Oil prices were down over the last week with WTI futures at $46.90 per barrel and Brent at $49.87 per barrel.  A year ago, WTI was at $44, and Brent was at $45 - so oil prices are up about 5% 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 $2.23 per gallon - so gasoline prices are up about 10 cents a gallon year-over-year.