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Sunday, February 26, 2023

Monday: Pending Home Sales, Durable Goods

by Calculated Risk on 2/26/2023 06:23:00 PM

Schedule for Week of February 26, 2023

• At 8:30 AM ET, Durable Goods Orders for January from the Census Bureau. The consensus is for a 4.0% decrease in durable goods orders.

• At 10:00 AM, Pending Home Sales Index for January. The consensus is for a 1.0% increase in the index.

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

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

Oil prices were down over the last week with WTI futures at $76.32 per barrel and Brent at $83.16 per barrel. A year ago, WTI was at $92, and Brent was at $101 - so WTI oil prices are DOWN 17% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $3.32 per gallon. A year ago, prices were at $3.59 per gallon, so gasoline prices are down $0.27 per gallon year-over-year.