Sunday, September 23, 2018

Sunday Night Futures

by Bill McBride on 9/23/2018 07:22:00 PM

Weekend:
Schedule for Week of September 23, 2018

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

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

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 8 and DOW futures are down 80 (fair value).

Oil prices were up over the last week with WTI futures at $71.48 per barrel and Brent at $79.73 per barrel.  A year ago, WTI was at $52, and Brent was at $59 - so oil prices are up about 30% to 40% 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 $2.55 per gallon (jumped last year due to hurricane Harvey) - so gasoline prices are up 29 cents per gallon year-over-year.