Sunday, April 22, 2018

Monday: Existing Home Sales

by Bill McBride on 4/22/2018 08:34:00 PM

Weekend:
Schedule for Week of Apr 22, 2018

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

• At 10:00 AM, Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 5.28 million SAAR, down from 5.54 million in February. Housing economist Tom Lawler estimates the NAR will reports sales of 5.51 million SAAR for March.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 16, and DOW futures are down 138 (fair value).

Oil prices were up over the last week with WTI futures at $68.22 per barrel and Brent at $73.91 per barrel.  A year ago, WTI was at $49, and Brent was at $50 - so oil prices are up about 40% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.76 per gallon. A year ago prices were at $2.42 per gallon - so gasoline prices are up 34 cents per gallon year-over-year.