Sunday, June 16, 2019

Sunday Night Futures

by Calculated Risk on 6/16/2019 07:59:00 PM

Weekend:
Schedule for Week of June 16, 2019

Monday:
• At 8:30 AM, The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of 10.0, down from 17.8.

• At 10:00 AM, The June NAHB homebuilder survey. The consensus is for a reading of 67, up from 66. 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 7 and DOW futures are up 56 (fair value).

Oil prices were down over the last week with WTI futures at $52.60 per barrel and Brent at $62.15 per barrel.  A year ago, WTI was at $68, and Brent was at $75 - so oil prices are down about 15% to 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.67 per gallon. A year ago prices were at $2.90 per gallon, so gasoline prices are down about 8% year-over-year.