by Calculated Risk on 7/17/2022 08:15:00 PM
o Schedule for Week of July 17, 2022
o At 10:00 AM ET, The July NAHB homebuilder survey. The consensus is for a reading of 66, down from 67. Any number above 50 indicates that more builders view sales conditions as good than poor.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 9 and DOW futures are up 50 (fair value).
Oil prices were down over the last week with WTI futures at $97.26 per barrel and Brent at $100.85 per barrel. A year ago, WTI was at $72, and Brent was at $74 – so WTI oil prices are up 35% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $4.50 per gallon. A year ago, prices were at $3.15 per gallon, so gasoline prices are up $1.35 per gallon year-over-year.