Calculated Risk: Monday: Pending Home Sales

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by Calculated Risk on 11/28/2021 06:41:00 PM

Weekend:
• Schedule for Week of November 28, 2021

Monday:
• At 10:00 AM ET, Pending Home Sales Index for October. The consensus is for a 1.0% increase in the index.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for November. This is the last of the regional Fed manufacturing surveys for November.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are up 31 and DOW futures are up 180 (fair value).

Oil prices were down over the last week with WTI futures at $70.30 per barrel and Brent at $74.67 per barrel. A year ago, WTI was at $46, and Brent was at $47 – so WTI oil prices are up 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.38 per gallon. A year ago prices were at $2.11 per gallon, so gasoline prices are up $1.27 per gallon year-over-year.

This article appeared firshere

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