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Sunday Night Futures

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November 8, 2021
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Stocks stage big comeback Tuesday with S&P 500 finishing slightly higher after erasing 2% loss

Don’t be duped by doomsayers, JPMorgan says — the S&P 500 will rebound to 4,900. Here are 3 stocks it’s using to bet on a bounce

by Calculated Risk on 11/07/2021 06:13:00 PM

Weekend:
o Schedule for Week of November 7, 2021

Monday:
o At 12:00 PM ET, Speech, Fed Governor Michelle Bowman, The U.S. Housing Market, At the Women in Housing and Finance Public Policy Luncheon, Washington, D.C.

o At 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices for October.

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

Oil prices were down over the last week with WTI futures at $81.27 per barrel and Brent at $82.74 per barrel. A year ago, WTI was at $37, and Brent was at $38 – 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 $3.40 per gallon. A year ago prices were at $2.09 per gallon, so gasoline prices are up $1.31 per gallon year-over-year.

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