Sunday, August 26, 2018

Sunday Night Futures

by Bill McBride on 8/26/2018 07:40:00 PM

Weekend:
Schedule for Week of Aug 26, 2018

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

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

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 5 and DOW futures are up 62 (fair value).

Oil prices were up over the last week with WTI futures at $68.66 per barrel and Brent at $75.65 per barrel.  A year ago, WTI was at $48, and Brent was at $52 - so oil prices are up about 40% 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 $2.36 per gallon - so gasoline prices are up 47 cents per gallon year-over-year.