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Monday: ISM Manufacturing, Construction Spending

Weekend:
Schedule for Week of December 1, 2019

Monday:
• At 10:00 AM, ISM Manufacturing Index for November.  The consensus is for 49.2%, up from 48.3%. The PMI was at 48.3% in October, the employment index was at 47.7%, and the new orders index was at 49.1%.

• Also at 10:00 AM, Construction Spending for October.  The consensus is for 0.4% increase in spending.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 6, and DOW futures are down 64 (fair value).

Oil prices were down over the last week with WTI futures at $55.76 per barrel and Brent at $61.05 barrel.  A year ago, WTI was at $51, and Brent was at $60 – so oil prices are up year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.59 per gallon. A year ago prices were at $2.59 per gallon, so gasoline prices are unchanged year-over-year.

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