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Sunday Night Futures

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by Calculated Risk on 10/17/2021 06:56:00 PM

Weekend:
o Schedule for Week of October 17, 2021

o Will 4% Mortgage Rates “Halt the Housing Market”?

Monday:
o At 9:15 AM ET, The Fed will release Industrial Production and Capacity Utilization for September. The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to 76.5%.

o At 10:00 AM, The October NAHB homebuilder survey. The consensus is for a reading of 76, unchanged from 76 in September. 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 and DOW futures are down slightly (fair value).

Oil prices were up over the last week with WTI futures at $83.05 per barrel and Brent at $85.31 per barrel. A year ago, WTI was at $41, and Brent was at $41 – so WTI oil prices are up more than double year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.31 per gallon. A year ago prices were at $2.14 per gallon, so gasoline prices are up $1.17 per gallon year-over-year.

UK to fund new nuclear power station as part of net zero drive -Telegraph

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