Monday: Pending Home Sales

Schedule for Week of June 28, 2020

• At 10:00 AM ET, Pending Home Sales Index for May. The consensus is for a 19.7% increase in the index.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for June. This is the last of the regional surveys for June.

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

Oil prices were down over the last week with WTI futures at $37.95 per barrel and Brent at $40.41 barrel.  A year ago, WTI was at $58, and Brent was at $68 – so WTI oil prices are down about 33% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $2.18 per gallon. A year ago prices were at $2.70 per gallon, so gasoline prices are down $0.52 per gallon year-over-year.

Related posts

Idiocy in Spain: Bank Proposal to Build More Houses, Issue More Mortgages, Despite Massive Inventory and Enormous Drop in Sales

Mish Global Economic Trend Analysis

Sky City: China to Build World’s Tallest Building, 220 Stories, in 90 Days

Mish Global Economic Trend Analysis

It’s No Wonder People Don’t Understand the “Public” Debt

Angry Bear

EU Budget Laugh of the Day “No One Is Discussing Quality”

Mish Global Economic Trend Analysis

Via Barry Ritholtz’s  Big Picture comes this PBS six minute …

Angry Bear

Politics and Specific Policies

Angry Bear