Sunday, October 07, 2018

Sunday Night Futures

by Bill McBride on 10/07/2018 07:30:00 PM

Weekend:
Schedule for Week of October 7, 2018

Monday:
Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open. No economic releases are scheduled.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 5 and DOW futures are up 40 (fair value).

Oil prices were up over the last week with WTI futures at $74.08 per barrel and Brent at $83.71 per barrel.  A year ago, WTI was at $50, and Brent was at $55 - 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 $2.91 per gallon. A year ago prices were at $2.47 per gallon, so gasoline prices are up 44 cents per gallon year-over-year.