by Calculated Risk on 5/14/2023 06:17:00 PM

Weekend:
• Schedule for Week of May 14, 2023

Monday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for May. The consensus is for a reading of -2.0, down from 10.8.

• At 11:00 AM, NY Fed: Q1 Quarterly Report on Household Debt and Credit

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 7 and DOW futures are down 50 (fair value).

Oil prices were down over the last week with WTI futures at $70.04 per barrel and Brent at $74.17 per barrel. A year ago, WTI was at $111, and Brent was at $112 - so WTI oil prices are down about 35% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.53 per gallon. A year ago, prices were at $4.44 per gallon, so gasoline prices are down $0.91 per gallon year-over-year.