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Sunday Night Futures

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Weekend:
Schedule for Week of January 8, 2023

Monday:
• No major economic releases scheduled.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 6, and DOW futures are up 39 (fair value).

Oil prices were down over the last week with WTI futures at $73.77 per barrel and Brent at $78.57 per barrel. A year ago, WTI was at $79, and Brent was at $82 – so WTI oil prices are DOWN 6% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.28 per gallon. A year ago, prices were at $3.27 per gallon, so gasoline prices are up $0.01 per gallon year-over-year.

Question #6 for 2023: What will the Fed Funds rate be in December 2023?

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