• Schedule for Week of November 1, 2020
• FOMC Preview
Monday:
• At 10:00 AM ET, ISM Manufacturing Index for October. The consensus is for 55.8%, up from 55.4%.
• Also at 10:00 AM, Construction Spending for September. The consensus is for 0.9% increase in spending.
• All day, Light vehicle sales for October. The consensus is for sales of 16.5 million SAAR, up from 16.3 million SAAR in September (Seasonally Adjusted Annual Rate).
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 12 and DOW futures are down 150 (fair value).
Oil prices were down over the last week with WTI futures at $34.18 per barrel and Brent at $36.36 barrel. A year ago, WTI was at $56, and Brent was at $60 - so WTI oil prices are down about 40% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.11 per gallon. A year ago prices were at $2.58 per gallon, so gasoline prices are down $0.47 per gallon year-over-year.
from Calculated Risk https://ift.tt/3kOV8vW
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