Sunday, December 16, 2018

Monday: NY Fed Mfg Survey, Homebuilder Survey

by Calculated Risk on 12/16/2018 08:38:00 PM

Weekend:
Schedule for Week of December 16, 2018

Monday:
• At 8:30 AM ET: The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 21.0, down from 23.3.

• At 10:00 AM: The December NAHB homebuilder survey. The consensus is for a reading of  61, up from 60. 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 are up 6 and DOW futures are up 58 (fair value).

Oil prices were down over the last week with WTI futures at $51.46 per barrel and Brent at $60.46 per barrel.  A year ago, WTI was at $57, and Brent was at $64 - so WTI oil prices are down about 10%, and Brent prices down about 6% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.35 per gallon. A year ago prices were at $2.41 per gallon, so gasoline prices are down 6 cents per gallon year-over-year.