Monday: Empire State Mfg, Homebuilder Survey

Schedule for Week of August 16, 2020

• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of 15.0, down from 17.2.

• At 10:00 AM, The August NAHB homebuilder survey. The consensus is for a reading of 73, up from 72. Any number above 50 indicates that more builders view sales conditions as good than poor.

• At 12:00 PM, MBA Q2 National Delinquency Survey (expected)

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

Oil prices were up over the last week with WTI futures at $42.30 per barrel and Brent at $45.05 barrel.  A year ago, WTI was at $54, and Brent was at $59 – so WTI oil prices are down about 20% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $2.16 per gallon. A year ago prices were at $2.60 per gallon, so gasoline prices are down $0.44 per gallon year-over-year.