Sunday, December 15, 2019

Monday: Home Builder Survey, NY Fed Mfg

by Calculated Risk on 12/15/2019 07:45:00 PM

Weekend:
Schedule for Week of December 15, 2019

Mortgage Equity Withdrawal Positive in Q3

Monday:
• 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.