• Schedule for Week of May 15, 2016
• At 8:30 AM ET, the New York Fed Empire State manufacturing survey for May. The consensus is for a reading of 7.0, down from 9.5.
• At 10:00 AM, the May NAHB homebuilder survey. The consensus is for a reading of 59, up from 58 in April. Any number above 50 indicates that more builders view sales conditions as good than poor.
Oil prices were up over the last week with WTI futures at $46.21 per barrel and Brent at $47.83 per barrel. A year ago, WTI was at $59, and Brent was at $66 – so prices are down about 25% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.23 per gallon (down about $0.45 per gallon from a year ago).