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Monday: ISM Non-Manufacturing Index


From CNBC: Jobs shocker may show economy is in real trouble

The economic data has been weak recently – and Q1 GDP will be weak. This might be due to a combination of seasonal factors, poor weather, the West Cost port slowdown, the stronger dollar and lower oil prices (the negative impacts are more obvious, but overall lower prices will be a positive).

But there is no recession in sight. R-E-L-A-X.

• Early, Black Knight Mortgage Monitor for February

• At 10:00 AM ET, the Fed will release the monthly Labor Market Conditions Index (LMCI).

• At 10:00 AM, ISM non-Manufacturing Index for March. The consensus is for a reading of 56.7, down from 56.9 in February. Note: Above 50 indicates expansion.

• Schedule for Week of April 5, 2015

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are down 17 and DOW futures are down 142 (fair value).

Oil prices were mixed over the last week with WTI futures at .70 per barrel and Brent at .36 per barrel.  A year ago, WTI was at 1, and Brent was at 6 – so prices are down 50% or so year-over-year.

Below is a graph from for nationwide gasoline prices. Nationally prices are up to .39 per gallon (down more than .10 per gallon from a year ago).

If you click on “show crude oil prices”, the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.

Orange County Historical Gas Price Charts Provided by

Calculated Risk

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