Sunday, October 08, 2017

Sunday Night Futures

by Bill McBride on 10/08/2017 08:30:00 PM

Weekend:
Schedule for Week of Oct 8, 2017

The Record Job Streak: A couple of Comments

Monday:
• Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open. No economic releases are scheduled.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures are down slightly (fair value).

Oil prices were down over the last week with WTI futures at $49.42 per barrel and Brent at $55.62 per barrel.  A year ago, WTI was at $50, and Brent was at $51 - so oil prices are unchanged to up 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.47 per gallon - up sharply in September due to Hurricane Harvey, but now declining back towards pre-hurricane levels - a year ago prices were at $2.26 per gallon - so gasoline prices are up 21 cents per gallon year-over-year.