Calculated Risk: Sunday Night Futures


by Calculated Risk on 4/25/2021 06:21:00 PM

Weekend:
• Schedule for Week of April 25, 2021

• FOMC Preview

Monday:
• At 8:30 AM ET, Durable Goods Orders for March from the Census Bureau. The consensus is for a 2.5% increase in durable goods orders.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for April.

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

Oil prices were down over the last week with WTI futures at $62.15 per barrel and Brent at $66.12 per barrel. A year ago, WTI was at $12, and Brent was at $15 – so WTI oil prices are UP sharply year-over-year (oil prices collapsed at the beginning of the pandemic).

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.87 per gallon. A year ago prices were at $1.74 per gallon, so gasoline prices are up $1.13 per gallon year-over-year.

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