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Sunday, August 22, 2021

Monday: Existing Home Sales

by Calculated Risk on 8/22/2021 07:29:00 PM

Schedule for Week of August 22, 2021

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

• At 10:00 AM, Existing Home Sales for July from the National Association of Realtors (NAR). The consensus is for 5.81 million SAAR, down slightly from 5.86 million last month.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 4 and DOW futures are up 30 (fair value).

Oil prices were down over the last week with WTI futures at $62.38 per barrel and Brent at $65.49 per barrel. A year ago, WTI was at $42, and Brent was at $44 - so WTI oil prices are UP about 50% year-over-year (oil prices collapsed at the beginning of the pandemic).

Here is a graph from for nationwide gasoline prices. Nationally prices are at $3.14 per gallon. A year ago prices were at $2.18 per gallon, so gasoline prices are up $0.96 per gallon year-over-year.