Sunday, July 08, 2018

Sunday Night Futures

by Bill McBride on 7/08/2018 06:39:00 PM

Weekend:
Schedule for Week of July 8, 2018

Monday:
• At 3:00 PM ET, Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase $12.4 billion in May.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 4, and DOW futures are up 45 (fair value).

Oil prices were mixed over the last week with WTI futures at $73.96 per barrel and Brent at $77.29 per barrel.  A year ago, WTI was at $44, and Brent was at $47 - so oil prices are up about 65% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.86 per gallon. A year ago prices were at $2.26 per gallon - so gasoline prices are up 60 cents per gallon year-over-year.