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Monday Night Futures

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Note: China’s GDP was reported at 6.9% year-over-year, at expectations.

Weekend:
• Schedule for Week of January 17, 2016

• Lawler: Early Read on Existing Home Sales in December and Post-Mortem on November

• Update: Predicting the Next Recession

Monday:
• At 10:00 AM ET, the January NAHB homebuilder survey. The consensus is for a reading of 62, up from 61 in December. Any number above 50 indicates that more builders view sales conditions as good than poor.

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are up 12 and DOW futures are up 120 (fair value).

Oil prices were down sharply over the last week with WTI futures at .20 per barrel (lowest since 2003) and Brent at .83 per barrel (lowest since 2003).  A year ago, WTI was at , and Brent was at – so prices are down about 40% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at .89 per gallon (down about .20 per gallon from a year ago).  Gasoline prices should decline over the next few weeks based on the sharp decline in oil prices.
Calculated Risk

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