by Calculated Risk on 12/15/2019 07:45:00 PM
Sunday, December 15, 2019
• Schedule for Week of December 15, 2019
• Mortgage Equity Withdrawal Positive in Q3
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 4.0, up from 2.9.
• At 10:00 AM, The December NAHB homebuilder survey. The consensus is for a reading of 70, unchanged from 70. 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 37 (fair value).
Oil prices were up over the last week with WTI futures at $59.78 per barrel and Brent at $64.90 barrel. A year ago, WTI was at $51, and Brent was at $59 - so oil prices are up 10% to 15% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.55 per gallon. A year ago prices were at $2.36 per gallon, so gasoline prices are up 19 cents year-over-year.