Sunday, June 17, 2018

Sunday Night Futures

by Bill McBride on 6/17/2018 07:23:00 PM

Weekend:
Schedule for Week of June 17, 2018

Monday:
• 10:00 AM ET, The June NAHB homebuilder survey. The consensus is for a reading of  70, unchanged from 70 in May. Any number above 50 indicates that more builders view sales conditions as good than poor.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures are mostly unchanged (fair value).

Oil prices were down over the last week with WTI futures at $64.33 per barrel and Brent at $73.06 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 $2.89 per gallon. A year ago prices were at $2.29 per gallon - so gasoline prices are up 60 cents per gallon year-over-year.