Sunday, September 17, 2017

Sunday Night Futures

by Bill McBride on 9/17/2017 07:52:00 PM

Weekend:
Schedule for Week of Sept 17, 2017

Monday:
• At 10:00 AM ET, The September NAHB homebuilder survey. The consensus is for a reading of 65, down from 68 in August. 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 500 and DOW futures are up slightly (fair value).

Oil prices were up over the last week with WTI futures at $49.79 per barrel and Brent at $55.53 per barrel.  A year ago, WTI was at $43, and Brent was at $46 - so oil prices are up 15% to 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.61 per gallon - up sharply due to Hurricane Harvey, but starting to decline - a year ago prices were at $2.20 per gallon - so gasoline prices are up 41 cents per gallon year-over-year.