Breaking Stories

Sunday Night Futures

by Calculated Risk on 5/09/2021 07:45:00 PM

Weekend:
o Schedule for Week of May 9, 2021

o Second Home Market: South Lake Tahoe in April

o North Texas Real Estate in April: Sales Up 33% YoY, Inventory Down 65% YoY

Monday:
o No major economic releases scheduled.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 4, and DOW futures are up 34 (fair value).

Oil prices were up over the last week with WTI futures at $65.41 per barrel and Brent at $68.88 per barrel. A year ago, WTI was at $24, and Brent was at $25 – so WTI oil prices are UP sharply year-over-year (oil prices collapsed at the beginning of the pandemic).

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.95 per gallon. A year ago prices were at $1.83 per gallon, so gasoline prices are up $1.12 per gallon year-over-year.

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