Sunday, January 28, 2018

Sunday Night Futures

by Bill McBride on 1/28/2018 07:14:00 PM

Weekend:
Schedule for Week of Jan 28, 2018

Monday:
• At 8:30 AM ET, Personal Income and Outlays for December. The consensus is for a 0.3% increase in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.2%.

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

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 2, and DOW futures are up 50 (fair value).

Oil prices were up over the last week with WTI futures at $66.24 per barrel and Brent at $60.47 per barrel.  A year ago, WTI was at $53, and Brent was at $55 - so oil prices are up solidly year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.57 per gallon. A year ago prices were at $2.27 per gallon - so gasoline prices are up 30 cents per gallon year-over-year.