Sunday, November 10, 2019

Sunday Night Futures

by Calculated Risk on 11/10/2019 06:55:00 PM

Thank you to all the veterans! Especially to my 97 years young father who flew a Corsair off the USS Bennington in the Pacific during WWII, and also served in Korea and Vietnam. And thanks to Uncle Jack (who passed away early this year) and Uncle Kenny. Thank you all.

Weekend:
Schedule for Week of November 10, 2019

Update on Yield Curve

Monday:
Veterans Day Holiday: Most banks will be closed in observance of Veterans Day. The stock market will be open. No economic releases are scheduled.

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

Oil prices were down over the last week with WTI futures at $57.13 per barrel and Brent at $62.40 barrel.  A year ago, WTI was at $60, and Brent was at $69 - so oil prices are down about 5% to 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.62 per gallon. A year ago prices were at $2.67 per gallon, so gasoline prices are down sligthly year-over-year.