Sunday, May 20, 2018

Sunday Night Futures

by Bill McBride on 5/20/2018 07:19:00 PM

Weekend:
Schedule for Week of May 20, 2018

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

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 16, and DOW futures are up 193 (fair value).

Oil prices were up over the last week with WTI futures at $71.64 per barrel and Brent at $78.91 per barrel.  A year ago, WTI was at $50, and Brent was at $53 - 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 $2.92 per gallon. A year ago prices were at $2.35 per gallon - so gasoline prices are up 57 cents per gallon year-over-year.