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Sunday, August 14, 2022

Monday: NY Fed Mfg, Homebuilder Survey

by Calculated Risk on 8/14/2022 07:05:00 PM

Schedule for Week of August 14, 2022

• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of 5.5, down from 11.1.

• At 10:00 AM, The August NAHB homebuilder survey. The consensus is for a reading of 55, unchanged from 55. 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 are down 8 and DOW futures are down 62 (fair value).

Oil prices were up over the last week with WTI futures at $91.68 per barrel and Brent at $97.73 per barrel. A year ago, WTI was at $68, and Brent was at $71 - so WTI oil prices are up 35% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $3.91 per gallon. A year ago, prices were at $3.16 per gallon, so gasoline prices are up $0.75 per gallon year-over-year.