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Sunday Night Futures

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From Tim Duy at Fed Watch: This Is Not A Drill. This Is The Real Thing. Here is his conclusion:

Bottom Line: This is not a drill. This meeting is the real thing – an undoubtedly lively debate that could end with a rate hike. I think we narrowly avoid a rate hike, but at the cost of moving forward the next hike to the July meeting.

Read the entire post!

Weekend:
• Schedule for Week of May 22, 2016

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

Oil prices were up over the last week with WTI futures at .28 per barrel and Brent at .72 per barrel.  A year ago, WTI was at , and Brent was at – so prices are down about 20%+ year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at .28 per gallon (down about .45 per gallon from a year ago).
Calculated Risk

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