Sunday, August 23, 2020

Sunday Night Futures

by Calculated Risk on 8/23/2020 10:32:00 PM

Weekend:
Schedule for Week of August 23, 2020

The Failed Promises of the 2017 Tax Cuts and Jobs Act (TCJA)

Q3 GDP Forecasts

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

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 9 and DOW futures are up 80 (fair value).

Oil prices were mixed over the last week with WTI futures at $42.34 per barrel and Brent at $44.35 barrel.  A year ago, WTI was at $54, and Brent was at $59 - so WTI oil prices are down about 20% 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 $2.58 per gallon, so gasoline prices are down $0.40 per gallon year-over-year.