Sunday, July 26, 2020

Sunday Night Futures

by Calculated Risk on 7/26/2020 07:27:00 PM

Weekend:
Schedule for Week of July 26, 2020

Monday:
• At 8:30 AM ET, Durable Goods Orders for June from the Census Bureau. The consensus is for a 7.2% increase in durable goods orders.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for July.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 14 and DOW futures are down 120 (fair value).

Oil prices were mixed over the last week with WTI futures at $40.97 per barrel and Brent at $42.98 barrel.  A year ago, WTI was at $55, and Brent was at $61 - 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 $2.17 per gallon. A year ago prices were at $2.74 per gallon, so gasoline prices are down $0.57 per gallon year-over-year.