Sunday, October 25, 2020

Monday: New Home Sales

by Calculated Risk on 10/25/2020 08:35:00 PM

Weekend:
Schedule for Week of October 25, 2020

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

• At 10:00 AM, New Home Sales for September from the Census Bureau. The consensus is for 1,025 thousand SAAR, up from 1,011 thousand in August.

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

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 18 and DOW futures are down 135 (fair value).

Oil prices were down over the last week with WTI futures at $39.23 per barrel and Brent at $41.20 barrel. A year ago, WTI was at $57, and Brent was at $62 - 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 $2.14 per gallon. A year ago prices were at $2.60 per gallon, so gasoline prices are down $0.46 per gallon year-over-year.