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Sunday Night Futures


• Schedule for Week of Dec 4, 2016

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

• Also at 10:00 AM, the ISM non-Manufacturing Index for November. The consensus is for the index to increase to 55.5 from 54.8 in October.

From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are down 8, and DOW futures are down 40 (fair value).

Oil prices were up sharply over the last week with WTI futures at .68 per barrel and Brent at .46 per barrel.  A year ago, WTI was at , and Brent was at – so oil prices are up 25% to 30% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at .18 per gallon – a year ago prices were at .04 per gallon – so gasoline prices are up more than 10 cents per gallon year-over-year.

Oil PricesClick on graph for larger image

This graph shows the year-over-year change in WTI based on data from the EIA.

Five times since 1987, oil prices have increased 100% or more YoY.  And several times prices have almost fallen in half YoY.  Oil prices are volatile!

WTI oil prices are currently up 27% year-over-year.
Calculated Risk

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