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Monday: Existing Home Sales

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by Calculated Risk on 11/21/2021 07:03:00 PM

Weekend:
o Schedule for Week of November 21, 2021

Monday:
o At 8:30 AM ET: Chicago Fed National Activity Index for October. This is a composite index of other data.

o At 10:00 AM, Existing Home Sales for October from the National Association of Realtors (NAR). The consensus is for 6.20 million SAAR, down from 6.29 million in September. Housing economist Tom Lawler expects the NAR to report 6.34 million SAAR.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 4 and DOW futures are up 50 (fair value).

Oil prices were down over the last week with WTI futures at $75.46 per barrel and Brent at $78.29 per barrel. A year ago, WTI was at $42, and Brent was at $44 – so WTI oil prices are up 80% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.39 per gallon. A year ago prices were at $2.10 per gallon, so gasoline prices are up $1.29 per gallon year-over-year.

Recession Measures and NBER

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