by Calculated Risk on 11/17/2024 06:57:00 PM

Weekend:
• Schedule for Week of November 17, 2024

Monday:
• At 10:00 AM ET, The November NAHB homebuilder survey. The consensus is for a reading of 42, down from 44. Any number below 50 indicates that more builders view sales conditions as poor than good.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 5 and DOW futures are down 39 (fair value).

Oil prices were down over the last week with WTI futures at $66.78 per barrel and Brent at $70.91 per barrel. A year ago, WTI was at $76, and Brent was at $81 - so WTI oil prices are down about 12% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.03 per gallon. A year ago, prices were at $3.29 per gallon, so gasoline prices are down $0.26 year-over-year.