Monday: NAHB Homebuilder Survey

Weekend:
Schedule for Week of September 19, 2021

FOMC Preview: Tapering “Advance Notice” Likely

Monday:
• 10:00 AM ET, The September NAHB homebuilder survey. The consensus is for a reading of  74, down from 75 in August. Any number above 50 indicates that more builders view sales conditions as good than poor.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 10 and DOW futures are down 103 (fair value).

Oil prices were up over the last week with WTI futures at $71.78 per barrel and Brent at $75.16 per barrel. A year ago, WTI was at $41, and Brent was at $42 – so WTI oil prices are UP 75% year-over-year (oil prices collapsed at the beginning of the pandemic).

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.18 per gallon. A year ago prices were at $2.16 per gallon, so gasoline prices are up $1.02 per gallon year-over-year.

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