Weekend:
• Schedule for Week of July 15, 2018
Monday:
• At 8:30 AM ET, Retail sales for June will be released. The consensus is for a 0.6% increase in retail sales.
• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of 21.0, down from 25.0.
From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 5, and DOW futures are up 65 (fair value).
Oil prices were down over the last week with WTI futures at $70.73 per barrel and Brent at $75.04 per barrel. A year ago, WTI was at $47, and Brent was at $48 – so oil prices are up 50% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.88 per gallon. A year ago prices were at $2.24 per gallon – so gasoline prices are up 64 cents per gallon year-over-year.