by Calculated Risk on 6/26/2022 06:56:00 PM

Weekend:
o Schedule for Week of June 26, 2022

Monday:
o At 8:30 AM ET, Durable Goods Orders for May from the Census Bureau. The consensus is for a 0.1% increase in durable goods orders.

o At 10:00 AM, Pending Home Sales Index for May. The consensus is for a 2.0% decrease in the index.

o At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for June.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are down 12, and DOW futures are down 102 (fair value).

Oil prices were down over the last week with WTI futures at $107.62 per barrel and Brent at $113.12 per barrel. A year ago, WTI was at $73 and Brent was at $76 – so WTI oil prices are up 45% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $4.88 per gallon. A year ago prices were at $3.09 per gallon, so gasoline prices are up $1.79 per gallon year-over-year.