Sunday, July 09, 2017

Sunday Night Futures

by Bill McBride on 7/09/2017 07:19:00 PM

Weekend:
Schedule for Week of July 9, 2017

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

• At 3:00 PM, Consumer credit from the Federal Reserve.  The consensus is for a $14.6 billion increase in credit.

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

Oil prices were down over the last week with WTI futures at $44.44 per barrel and Brent at $46.71 per barrel.  A year ago, WTI was at $45, and Brent was at $45 - so oil prices are mostly unchanged year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.26 per gallon - a year ago prices were at $2.24 per gallon - so gasoline prices are mostly unchanged year-over-year.