Sunday, July 15, 2018

Monday: Retail Sales, NY Fed Mfg Survey

by Bill McBride on 7/15/2018 09:13:00 PM

Weekend:
Schedule for Week of July 15, 2018

Monday:
• At 8:30 AM ET, Retail sales for June will be released.  The consensus is for a 0.6% increase in retail sales.

• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of 21.0, down from 25.0.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 5, and DOW futures are up 65 (fair value).

Oil prices were down over the last week with WTI futures at $70.73 per barrel and Brent at $75.04 per barrel.  A year ago, WTI was at $47, and Brent was at $48 - so oil prices are up 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.88 per gallon. A year ago prices were at $2.24 per gallon - so gasoline prices are up 64 cents per gallon year-over-year.