Sunday, January 06, 2019

Sunday Night Futures

by Bill McBride on 1/06/2019 07:20:00 PM

Weekend:
Schedule for Week of January 6, 2019

Monday:
• At 10:00 AM, the ISM non-Manufacturing Index for December.  The consensus is for a decrease to 58.4 from 60.7.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 14 and DOW futures are up 150 (fair value).

Oil prices were up over the last week with WTI futures at $48.84 per barrel and Brent at $57.96 per barrel.  A year ago, WTI was at $62, and Brent was at $68 - so oil prices are down about 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.22 per gallon. A year ago prices were at $2.48 per gallon, so gasoline prices are down 26 cents per gallon year-over-year.