Sunday, November 25, 2018

Sunday Night Futures

by Bill McBride on 11/25/2018 06:59:00 PM

Weekend:
Schedule for Week of November 25, 2018

"Is a Recession Coming?"

Oil Prices Down Year-over-year

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

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

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 5 and DOW futures are up 47 (fair value).

Oil prices were down sharply over the last week with WTI futures at $50.46 per barrel and Brent at $59.03 per barrel.  A year ago, WTI was at $57, and Brent was at $64 - so WTI oil prices are down 15%, and Brent prices down about 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.54 per gallon. A year ago prices were at $2.50 per gallon, so gasoline prices are up 4 cents per gallon year-over-year.