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Sunday, October 18, 2020

Sunday Night Futures

by Calculated Risk on 10/18/2020 08:18:00 PM

Schedule for Week of October 18, 2020

• At 8:00 AM ET, Discussion, Fed Chair Jerome Powell, Cross-Border Payments and Digital Currencies, At the International Monetary Fund Annual Meeting - Panel on Cross-Border Payments

• At 10:00 AM, The October NAHB homebuilder survey. The consensus is for a reading of  83, unchanged from 83 in September. Any number above 50 indicates that more builders view sales conditions as good than poor.

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

Oil prices were up over the last week with WTI futures at $40.97 per barrel and Brent at $43.00 barrel. A year ago, WTI was at $54, and Brent was at $60 - so WTI oil prices are down about 30% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $2.15 per gallon. A year ago prices were at $2.66 per gallon, so gasoline prices are down $0.51 per gallon year-over-year.