Sunday, October 14, 2018

Monday: Retail Sales, NY Fed Mfg Survey

by Bill McBride on 10/14/2018 09:08:00 PM

Weekend:
Schedule for Week of October 14, 2018

Monday:
• At 8:30 AM ET: Retail sales for September will be released.  The consensus is for a 0.6% increase in retail sales.

• At 8:30 AM ET: The New York Fed Empire State manufacturing survey for October. The consensus is for a reading of 19.3, up from 19.0.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 6 and DOW futures are down 53 (fair value).

Oil prices were down over the last week with WTI futures at $72.26 per barrel and Brent at $81.70 per barrel.  A year ago, WTI was at $51, and Brent was at $57 - so oil prices are up about 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.88 per gallon. A year ago prices were at $2.46 per gallon, so gasoline prices are up 42 cents per gallon year-over-year.