Sunday, March 04, 2018

Sunday Night Futures

by Bill McBride on 3/04/2018 08:09:00 PM

Weekend:
Schedule for Week of Mar 4, 2018

Housing Industry Concerned about Tariffs

Monday:
• 10:00 AM, the ISM non-Manufacturing Index for February. The consensus is for index to decrease to 58.8 from 59.9 in January.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down6, and DOW futures are down 20 (fair value).

Oil prices were down over the last week with WTI futures at $61.62 per barrel and Brent at $64.75 per barrel.  A year ago, WTI was at $53, 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 $2.52 per gallon. A year ago prices were at $2.31 per gallon - so gasoline prices are up 21 cents per gallon year-over-year.