Sunday, March 22, 2020

Sunday Night Futures: Limit Down

by Calculated Risk on 3/22/2020 07:39:00 PM

Schedule for Week of March 22, 2020

A few Comments on Weekly and Continued Unemployment Claims

• At 8:30 AM ET, Chicago Fed National Activity Index for February. This is a composite index of other data.

From CNBC: Pre-Market Data and Bloomberg futures are limit down: S&P 500 are down 119 and DOW futures are down 962 (fair value).

Oil prices were down over the last week with WTI futures at $21.31 per barrel and Brent at $25.12 barrel.  A year ago, WTI was at $59, and Brent was at $66 - so oil prices are down more than 60% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $2.08 per gallon. A year ago prices were at $2.60 per gallon, so gasoline prices are down 52 cents per gallon year-over-year.