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Monday: ISM Mfg, Construction Spending

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by Calculated Risk on 10/31/2021 07:25:00 PM

Weekend:
o Schedule for Week of October 31, 2021

o FOMC Preview: Taper Announcement Expected

o 2022 Housing Forecasts: First Look Optimism on New Home Sales in 2022

Monday:
o At 10:00 AM ET, ISM Manufacturing Index for October. The consensus is for 60.5%, down from 61.1%.

o At 10:00 AM, Construction Spending for September. The consensus is for 0.4% increase in spending.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 6 and DOW futures are up 59 (fair value).

Oil prices were down over the last week with WTI futures at $82.84 per barrel and Brent at $83.05 per barrel. A year ago, WTI was at $36, and Brent was at $36 – so WTI oil prices are up more than double year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.38 per gallon. A year ago prices were at $2.10 per gallon, so gasoline prices are up $1.28 per gallon year-over-year.

2022 Housing Forecasts: First Look

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