Sunday, May 31, 2020

Monday: ISM Mfg, Construction Spending

by Calculated Risk on 5/31/2020 06:34:00 PM

Weekend:
Schedule for Week of May 31, 2020

Las Vegas Visitor Authority: "No Convention Attendance, Hotel Occupancy 1.7%" in April

May 2020: Unofficial Problem Bank list Increased to 65 Institutions

Monday:
• At 10:00 AM ET, ISM Manufacturing Index for May. The consensus is for the ISM to be at 43.0, up from 41.5 in April.

• Also at 10:00 AM, Construction Spending for April. The consensus is for a 6.0% decrease in construction spending.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 30 and DOW futures are down 228 (fair value).

Oil prices were up over the last week with WTI futures at $35.20 per barrel and Brent at $37.60 barrel.  A year ago, WTI was at $53, and Brent was at $67 - so WTI oil prices are about 33% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $1.98 per gallon. A year ago prices were at $2.82 per gallon, so gasoline prices are down $0.84 per gallon year-over-year.