Sunday, November 18, 2018

Sunday Night Futures

by Bill McBride on 11/18/2018 07:58:00 PM

Weekend:
Schedule for Week of November 18, 2018

Existing Home Sales for October: Take the Over

Monday:
• At 10:00 AM, The November NAHB homebuilder survey. The consensus is for a reading of  68, unchanged from 68. Any number above 50 indicates that more builders view sales conditions as good than poor.

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

Oil prices were down over the last week with WTI futures at $57.07 per barrel and Brent at $67.31 per barrel.  A year ago, WTI was at $56, and Brent was at $61 - so WTI oil prices are up slightly, and Brent prices up about 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.60 per gallon. A year ago prices were at $2.54 per gallon, so gasoline prices are up 6 cents per gallon year-over-year.