Monday, January 21, 2019

Tuesday: Existing Home Sales

by Calculated Risk on 1/21/2019 06:36:00 PM

Weekend:
Schedule for Week of January 20, 2019

Tuesday:
• At 10:00 AM ET, Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 5.24 million SAAR, down from 5.32 million. Housing economist Tom Lawler expects the NAR to report sales of 4.97 million SAAR for December.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 10 and DOW futures are down 90 (fair value).

Oil prices were up over the last week with WTI futures at $53.90 per barrel and Brent at $62.84 per barrel.  A year ago, WTI was at $64, and Brent was at $69 - so oil prices are down about 15% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.24 per gallon. A year ago prices were at $2.52 per gallon, so gasoline prices are down 28 cents per gallon year-over-year.