Sunday, October 29, 2017

Sunday Night Futures

by Bill McBride on 10/29/2017 09:20:00 PM

Weekend:
Schedule for Week of Oct 29, 2017

Monday:
• At 8:30 AM ET, Personal Income and Outlays for September. The consensus is for a 0.4% increase in personal income, and for a 0.9% increase in personal spending. And for the Core PCE price index to increase 0.1%.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for October. This is the last of the regional surveys for October.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 future are down 3 and DOW futures are down 10 (fair value).

Oil prices were up over the last week with WTI futures at $53.98 per barrel and Brent at $60.54 per barrel.  A year ago, WTI was at $47, and Brent was at $46 - so oil prices are up solidly year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.45 per gallon. A year ago prices were at $2.20 per gallon - so gasoline prices are up 25 cents per gallon year-over-year.