Sunday, January 07, 2018

Sunday Night Futures

by Bill McBride on 1/07/2018 08:00:00 PM

Weekend:
Schedule for Week of Jan 7, 2018

Monday:
• 3:00 PM ET, Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase $18.0 billion in November.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 2, and DOW futures are up 67 (fair value).

Oil prices were up over the last week with WTI futures at $61.57 per barrel and Brent at $67.72 per barrel.  A year ago, WTI was at $54, and Brent was at $56 - so oil prices are up solidly year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.49 per gallon. A year ago prices were at $2.38 per gallon - so gasoline prices are up 11 cents per gallon year-over-year.