Sunday, June 21, 2020

Monday: Existing Home Sales

by Calculated Risk on 6/21/2020 06:54:00 PM

Weekend:
Schedule for Week of June 21, 2020

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

• At 10:00 AM, Existing Home Sales for May from the National Association of Realtors (NAR). The consensus is for 4.10 million SAAR, down from 4.33 million. Housing economist Tom Lawler expects the NAR to report sales of 3.8 million SAAR for May.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 38 and DOW futures are down 325 (fair value).

Oil prices were up over the last week with WTI futures at $39.41 per barrel and Brent at $42.13 barrel.  A year ago, WTI was at $57, and Brent was at $66 - so WTI oil prices are down about 30% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.13 per gallon. A year ago prices were at $2.66 per gallon, so gasoline prices are down $0.53 per gallon year-over-year.