Sunday, November 26, 2017

Monday: New Home Sales

by Bill McBride on 11/26/2017 06:34:00 PM

Weekend:
Schedule for Week of Nov 26, 2017

Monday:
• At 10:00 AM ET, New Home Sales for October from the Census Bureau. The consensus is for 620 thousand SAAR, down from 667 thousand in September.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for November.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up slightly, and DOW futures are up 10 (fair value).

Oil prices were up over the last week with WTI futures at $58.87 per barrel and Brent at $63.79 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 $2.50 per gallon. A year ago prices were at $2.13 per gallon - so gasoline prices are up 37 cents per gallon year-over-year.