• Schedule for Week of August 14, 2022
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of 5.5, down from 11.1.
• At 10:00 AM, The August NAHB homebuilder survey. The consensus is for a reading of 55, unchanged from 55. 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 down 8 and DOW futures are down 62 (fair value).
Oil prices were up over the last week with WTI futures at $91.68 per barrel and Brent at $97.73 per barrel. A year ago, WTI was at $68, and Brent was at $71 – 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 $3.91 per gallon. A year ago, prices were at $3.16 per gallon, so gasoline prices are up $0.75 per gallon year-over-year.