Sunday, June 28, 2020

Monday: Pending Home Sales

by Calculated Risk on 6/28/2020 07:54:00 PM

Weekend:
Schedule for Week of June 28, 2020

Monday:
• At 10:00 AM ET, Pending Home Sales Index for May. The consensus is for a 19.7% increase in the index.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for June. This is the last of the regional surveys for June.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down slightly and DOW futures are down 50 (fair value).

Oil prices were down over the last week with WTI futures at $37.95 per barrel and Brent at $40.41 barrel.  A year ago, WTI was at $58, and Brent was at $68 - so WTI oil prices are down about 33% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.18 per gallon. A year ago prices were at $2.70 per gallon, so gasoline prices are down $0.52 per gallon year-over-year.