Sunday, January 21, 2018

Sunday Night Futures

by Bill McBride on 1/21/2018 08:58:00 PM

We might see a short term continuing resolution tonight to end the government shutdown.

Weekend:
Schedule for Week of Jan 21, 2018

Monday:
• At 8:30 AM ET, Chicago Fed National Activity Index for December. This is a composite index of other data.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 3, and DOW futures are down 50 (fair value).

Oil prices were up over the last week with WTI futures at $63.47 per barrel and Brent at $68.70 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 $2.53 per gallon. A year ago prices were at $2.31 per gallon - so gasoline prices are up 22 cents per gallon year-over-year.