by Calculated Risk on 8/15/2021 06:21:00 PM

Weekend:
• Schedule for Week of August 15, 2021

Monday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of 29.0, down from 43.0.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 6 and DOW futures are down 53 (fair value).

Oil prices were down over the last week with WTI futures at $68.12 per barrel and Brent at $70.29 per barrel. A year ago, WTI was at $43, and Brent was at $45 - so WTI oil prices are UP over 50% 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 $3.18 per gallon. A year ago prices were at $2.16 per gallon, so gasoline prices are up $1.02 per gallon year-over-year.