Monday: ISM Mfg, Construction Spending

Weekend:
Schedule for Week of January 31, 2021

Monday:
• At 10:00 AM ET, ISM Manufacturing Index for January. The consensus is for the ISM to be at 60.0, down from 60.7 in December.

• Also at 10:00 AM, Construction Spending for December. The consensus is for a 0.9% increase in construction spending.

• At 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices for January.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 20 and DOW futures are down 100 (fair value).

Oil prices were down slightly over the last week with WTI futures at $52.03 per barrel and Brent at $54.92 barrel. A year ago, WTI was at $52, and Brent was at $58 – so WTI oil prices are unchanged year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.42 per gallon. A year ago prices were at $2.48 per gallon, so gasoline prices are down $0.06 per gallon year-over-year.

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