Sunday, May 17, 2020

Monday: Builder Confidence

by Calculated Risk on 5/17/2020 07:01:00 PM

Weekend:
Schedule for Week of May 17, 2020

Monday:
• At 10:00 AM ET, The May NAHB homebuilder survey. The consensus is for an increase to 33 from 30 last month.  Any number below 50 indicates that more builders view sales conditions as poor than good.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 8 and DOW futures are up 88 (fair value).

Oil prices were up over the last week with WTI futures at $30.03 per barrel and Brent at $33.29 barrel.  A year ago, WTI was at $63, and Brent was at $74 - so WTI oil prices are down over 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $1.88 per gallon. A year ago prices were at $2.86 per gallon, so gasoline prices are down $0.98 per gallon year-over-year.