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by Calculated Risk on 10/09/2022 06:55:00 PM
Weekend:
o Schedule for Week of October 9, 2022
Monday:
o Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open. No economic releases are scheduled.
o At 1:35 PM ET, Speech, Fed Vice Chair Lael Brainard, Restoring Price Stability in an Uncertain Economic Environment, At the National Association for Business Economics (NABE) Annual Meeting, Chicago, Ill.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 26 and DOW futures are down 174 (fair value).
Oil prices were up over the last week with WTI futures at $92.64 per barrel and Brent at $97.92 per barrel. A year ago, WTI was at $80, and Brent was at $82 – so WTI oil prices are up 15% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.91 per gallon. A year ago, prices were at $3.25 per gallon, so gasoline prices are up $0.66 per gallon year-over-year. NOTE: Gasoline prices in Los Angeles have spiked to a near record $6.40 per gallon due to refinery issues.
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