Sunday, September 09, 2018

Sunday Night Futures

by Bill McBride on 9/09/2018 08:08:00 PM

Weekend:
Schedule for Week of September 9, 2018

Monday:
• At 3:00 PM: Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase $14.0 billion in July.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 2 and DOW futures are up 30 (fair value).

Oil prices were down over the last week with WTI futures at $68.10 per barrel and Brent at $77.20 per barrel.  A year ago, WTI was at $47, and Brent was at $55 - so oil prices are up 40% to 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.84 per gallon. A year ago prices were at $2.66 per gallon (jumped last year due to hurricane Harvey) - so gasoline prices are up 18 cents per gallon year-over-year.