Monday, February 17, 2020

Tuesday: Empire State Mfg Survey, Homebuilder Survey

by Calculated Risk on 2/17/2020 06:02:00 PM

Weekend:
Schedule for Week of February 16, 2020

Tuesday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for February. The consensus is for a reading of 5.0, up from 4.8.

• At 10:00 AM, The February NAHB homebuilder survey. The consensus is for a reading of 75, unchanged from 75. 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 8 and DOW futures are up 75 (fair value).

Oil prices were up over the last week with WTI futures at $52.33 per barrel and Brent at $57.61 barrel.  A year ago, WTI was at $54, and Brent was at $66 - so oil prices are down year-over-year.

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 $2.31 per gallon, so gasoline prices are up 12 cents per gallon year-over-year.