bee Calculated Risk On 2/02/2025 07:23:00 PM
Weekend:
• Schedule for Week of February 2, 2025
Monday:
• at 10:00 am et, ISM Manufacturing Index For January. The consensus is for the ISM to be at 49.5, up from 49.3 in December.
• Also at 10:00 am, Construction Spending For December. The consensus is for a 0.1% increase in construction spending.
• All Day, Light Vehicle Sales For January. Sales were at 16.8 Million in December (Seasonally Adjusted Annual Rate). Wards Expects Vehicle Sales to decrease to 15.6 Million Saar in January.
• At 2:00 pm, Senior Loan Officer Opinion Survey on Bank Lending Practices (Slose).
From CNBC: Pre-Market Data and Bloomberg Futures S&P 500 are down 95 and Dow futures are down 470 (Fair Value).
Oil prices were down over the last week with wti futures at $ 74.05 per barrel and brent at $ 76.39 per barrel. A year ago, WTI was at $ 72, and Brent was at $ 80-so wti oil prices are up about 3% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. National prices are at $ 3.05 per gallon. A year ago, prices were at $ 3.15 per gallon, so gasoline prices are down $ 0.10 year-over-yearear.