by Calculated Risk on 10/31/2021 07:25:00 PM

Weekend:
• Schedule for Week of October 31, 2021

• FOMC Preview: Taper Announcement Expected

• 2022 Housing Forecasts: First Look Optimism on New Home Sales in 2022

Monday:
• At 10:00 AM ET, ISM Manufacturing Index for October.  The consensus is for 60.5%, down from 61.1%. 

• At 10:00 AM, Construction Spending for September.  The consensus is for 0.4% increase in spending.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 6 and DOW futures are up 59 (fair value).

Oil prices were down over the last week with WTI futures at $82.84 per barrel and Brent at $83.05 per barrel. A year ago, WTI was at $36, and Brent was at $36 - 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 $3.38 per gallon. A year ago prices were at $2.10 per gallon, so gasoline prices are up $1.28 per gallon year-over-year.