Sunday, May 04, 2014

Sunday Night Futures

by Calculated Risk on 5/04/2014 08:25:00 PM

Some great analysis and graphs from Jim Hamilton at Econbrowser: Is the Fed near its target?

Monday:
• Early: the Black Knight Mortgage Monitor for March.

• At 10:00 AM ET, ISM non-Manufacturing Index for April. The consensus is for a reading of 54.0, up from 53.1 in March. Note: Above 50 indicates expansion, below 50 contraction.

Weekend:
Schedule for Week of May 4th

Goldman Sachs on the Labor Force Participation Rate

Participation Rate: Trends and Cohorts

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures and DOW futures are up slightly (fair value).

Oil prices are down over the last week with WTI futures at $99.88 per barrel and Brent at $108.59 per barrel.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around $3.65 per gallon (might have peaked, but still more than 10 cents above the level of a year ago).  If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.



Orange County Historical Gas Price Charts Provided by GasBuddy.com