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Monday: ISM Mfg, Construction Spending

Summary:
Weekend:• Schedule for Week of August 1, 2021• A Few Comments on InflationMonday:• At 10:00 AM ET, ISM Manufacturing Index for July. The consensus is for the ISM to be at 60.9, up from 60.6 in June. The employment index was at 49.9% in June, and the new orders index was at 66.0%.• Also at 10:00 AM, Construction Spending for June. The consensus is for a 0.4% increase in construction spending.• At 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices for July.From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 19 and DOW futures are up 135 (fair value).Oil prices were up over the last week with WTI futures at .85 per barrel and Brent at .26 per barrel. A year ago, WTI was at , and Brent was at - so WTI oil prices are UP about 80% year-over-year (oil

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Weekend:
Schedule for Week of August 1, 2021

A Few Comments on Inflation

Monday:
• At 10:00 AM ET, ISM Manufacturing Index for July. The consensus is for the ISM to be at 60.9, up from 60.6 in June. The employment index was at 49.9% in June, and the new orders index was at 66.0%.

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

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

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 19 and DOW futures are up 135 (fair value).

Oil prices were up over the last week with WTI futures at $73.85 per barrel and Brent at $75.26 per barrel. A year ago, WTI was at $40, and Brent was at $43 - so WTI oil prices are UP about 80% year-over-year (oil prices collapsed at the beginning of the pandemic).

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.16 per gallon. A year ago prices were at $2.18 per gallon, so gasoline prices are up $0.98 per gallon year-over-year.

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