by Calculated Risk on 7/16/2023 08:26:00 PM

NOTE: Follow on threads at calculatedriskblog

Weekend:
• Schedule for Week of July 16, 2023

• LA Port Inbound Traffic Down Sharply YoY in June

Monday:
• 8:30 AM ET, The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of 0.0, down from 6.6.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are down 7 and DOW futures are down 57 (fair value).

Oil prices were up over the last week with WTI futures at $75.42 per barrel and Brent at $79.87 per barrel. A year ago, WTI was at $100, and Brent was at $112 - so WTI oil prices are down about 25% 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 $4.52 per gallon, so gasoline prices are down $0.99 per gallon year-over-year.