Sunday, December 17, 2017

Sunday Night Futures

by Bill McBride on 12/17/2017 08:06:00 PM

Weekend:
Schedule for Week of Dec 17, 2017

Monday:
• 10:00 AM ET, The December NAHB homebuilder survey. The consensus is for a reading of 70, unchanged from 70 in November. 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 are up 9, and DOW futures are up 96 (fair value).

Oil prices were up over the last week with WTI futures at $57.35 per barrel and Brent at $63.25 per barrel.  A year ago, WTI was at $52, and Brent was at $54 - so oil prices are up solidly year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.41 per gallon. A year ago prices were at $2.25 per gallon - so gasoline prices are up 16 cents per gallon year-over-year.