Sunday, November 11, 2018

Sunday Night Futures

by Bill McBride on 11/11/2018 07:48:00 PM

Thank you to all the veterans! Especially to my 96 years young father who flew a Corsair off the USS Bennington in the Pacific during WWII, and also served in Korea and Vietnam.

Weekend:
Schedule for Week of November 11, 2018

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

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

Oil prices were down over the last week with WTI futures at $60.81 per barrel and Brent at $71.10 per barrel.  A year ago, WTI was at $57, and Brent was at $64 - so oil prices are up about 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.68 per gallon. A year ago prices were at $2.55 per gallon, so gasoline prices are up 13 cents per gallon year-over-year.