Sunday, September 16, 2018

Sunday Night Futures

by Bill McBride on 9/16/2018 07:54:00 PM

Weekend:
Schedule for Week of September 16, 2018

Monday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for September. The consensus is for a reading of 23.0, down from 25.6.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 5 and DOW futures are down 45 (fair value).

Oil prices were up over the last week with WTI futures at $68.79 per barrel and Brent at $77.96 per barrel.  A year ago, WTI was at $50, and Brent was at $56 - 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 $2.85 per gallon. A year ago prices were at $2.60 per gallon (jumped last year due to hurricane Harvey) - so gasoline prices are up 25 cents per gallon year-over-year.