Sunday, July 29, 2018

Sunday Night Futures

by Bill McBride on 7/29/2018 06:44:00 PM

Weekend:
Schedule for Week of July 29, 2018

Monday:
• At 10:00 AM, Pending Home Sales Index for June. The consensus is for a 0.8% increase in the index.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for July. This is the last of the regional surveys for July.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 19 and DOW futures are down 90 (fair value).

Oil prices were up over the last week with WTI futures at $69.01 per barrel and Brent at $74.31 per barrel.  A year ago, WTI was at $50, and Brent was at $52 - so oil prices are up 40% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.85 per gallon. A year ago prices were at $2.31 per gallon - so gasoline prices are up 54 cents per gallon year-over-year.