at Calculated Risk on 11/17/2024 06:57:00 PM
Weekend:
• Schedule for Week of November 17, 2024
Monday:
• At 10:00 AM ET, The November NAHB homebuilder survey. The consensus is for a reading of 42, down from 44. Any number below 50 indicates that more builders view sales conditions as poor than good.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 5 and DOW futures are down 39 (fair value).
Oil prices were down over the last week with WTI futures at $66.78 per barrel and Brent at $70.91 per barrel. A year ago, WTI was at $76, and Brent was at $81 – so WTI oil prices are down about 12% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally, prices are at $3.03 per gallon. A year ago, prices were at $3.29 per gallon, so gasoline prices are down $0.26 year-over-year.