Sunday, June 24, 2018

Monday: New Home Sales

by Bill McBride on 6/24/2018 08:47:00 PM

Weekend:
Schedule for Week of June 24, 2018

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

• At 10:00 AM, New Home Sales for May from the Census Bureau. The consensus is for 665 thousand SAAR, up from 662 thousand in April.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for June.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 10, and DOW futures are down 82 (fair value).

Oil prices were up over the last week with WTI futures at $68.43 per barrel and Brent at $73.95 per barrel.  A year ago, WTI was at $45, and Brent was at $46 - 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 $2.83 per gallon. A year ago prices were at $2.25 per gallon - so gasoline prices are up 58 cents per gallon year-over-year.