Sunday, May 06, 2018

Sunday Night Futures

by Bill McBride on 5/06/2018 06:18:00 PM

Weekend:
Schedule for Week of May 6, 2018

Monday:
• At 3:00 PM ET, Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase $16.0 billion in March.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 6, and DOW futures are up 66 (fair value).

Oil prices were up over the last week with WTI futures at $69.83 per barrel and Brent at $75.00 per barrel.  A year ago, WTI was at $46, and Brent was at $47 - so oil prices are up about 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.80 per gallon. A year ago prices were at $2.34 per gallon - so gasoline prices are up 46 cents per gallon year-over-year.