Sunday, March 03, 2019

Sunday Night Futures

by Calculated Risk on 3/03/2019 07:34:00 PM

Weekend:
Schedule for Week of March 3, 2019

Monday:
• All day, Light vehicle sales for February. The consensus is for light vehicle sales to be 17.0 million SAAR in February, down from 16.6 million in January (Seasonally Adjusted Annual Rate).

• At 10:00 AM ET,: Construction Spending for December. The consensus is for a 0.6% increase in construction spending.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 11 and DOW futures are up 105 (fair value).

Oil prices were down over the last week with WTI futures at $56.01 per barrel and Brent at $65.22 per barrel.  A year ago, WTI was at $62, and Brent was at $66 - so WTI oil prices are down about 10% year-over-year, and Brent is down slightly.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.43 per gallon. A year ago prices were at $2.52 per gallon, so gasoline prices are down 9 cents per gallon year-over-year.