• HEDGEYE’S MARKET BRIEF
    Our FREE Investing Newsletter
    Get Exclusive Summer Sale Discounts

    By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. All Hedgeye products and services are subject to Hedgeye’s Terms of Service available at www.hedgeye.com/terms_of_service

TODAY’S S&P 500 SET-UP – December 7, 2012



The S&P 500 closed yesterday at 1,413.94 an increase from the prior day's trading of 33bps.                                                                                                                                                          

SECTOR AND GLOBAL PERFORMANCE

THE HEDGEYE DAILY OUTLOOK - 1

THE HEDGEYE DAILY OUTLOOK - 2

THE HEDGEYE DAILY OUTLOOK - 3

THE HEDGEYE DAILY OUTLOOK - 4

 

EQUITY SENTIMENT:


THE HEDGEYE DAILY OUTLOOK - 10


CREDIT/ECONOMIC MARKET LOOK:

  • YIELD CURVE: 1.34 from 1.35
  • VIX closed at 16.58 1 day percent change of 0.73%

MACRO DATA POINTS (Bloomberg Estimates):

  • 8:30am: Change in Nonfarm Payrolls, Nov. est. 86k (prior 171k)
  • 8:30am: Unemployment Rate, Nov. est. 7.9% (prior 7.9%)
  • 9:55am: UMichigan Confidence, Dec. P est. 82.0 (prior 82.7)
  • 1pm: Baker Hughes rig count
  • 3pm: Consumer Credit, Oct. est. $10.0b (prior $11.365b)

GOVERNMENT:

    • Romney, Obama, allies spent more than $2b in campaign
    • House meets in pro forma session. Senate not in session

WHAT TO WATCH

  • Sandy probably dealt blow to U.S. labor market in November
  • Japan reports little damage after 7.3-magnitude quake hits
  • Samsung asks judge to reject Apple’s request for smartphone ban
  • AT&T, Verizon to allow text-message 911 services
  • Dodd-Frank rules governing derivatives may be delayed from implementation for 6 months
  • Netflix, CEO receive Wells notices from SEC
  • JPMorgan investment banking bonus pool said to contract by as much as 2% from year ago
  • Pfizer’s Inlyta fails to win approval by U.K.’s health cost regulator
  • Ford Hybrids don’t meet gas mileage target of 47mpg as set by automaker, Consumer Reports says

EARNINGS:

    • Bank of Nova Scotia (BNS CN) 7:30am, C$1.19

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Copper Steady in London, New York Before U.S. Employment Data
  • Gold Bulls Retreat as Goldman Sees Peak Next Year: Commodities
  • Rebar Has Biggest Weekly Gain in Two Years on Improving Demand
  • Oil Heads for First Weekly Drop in Five on German Growth Cut
  • Bins Bulge With Grain as Low Water Threatens Mississippi Traffic
  • Soybeans Approach Biggest Weekly Gain Since August on Exports
  • Gold Extends Weekly Decline as a Stronger Dollar Curbs Demand
  • Palm Oil Shipments From Indonesia Seen Falling to Five-Month Low
  • Fracking-Study Conflicts Prompt Head of Texas Institute to Quit
  • Chicken-Feet Exports Help Savannah Top U.S. Port Growth: Freight
  • Swollen Lakes Mean Five-Year Low Nordic Power: Energy Markets
  • Europe Copper Premium Said to Drop Over Month on Weaker Demand
  • Storm Heads Toward China, Vietnam as Philippine Death Toll Rises
  • Copper Gains in London Before China’s Production: LME Preview

THE HEDGEYE DAILY OUTLOOK - 5

CURRENCIES


THE HEDGEYE DAILY OUTLOOK - 6

EUROPEAN MARKETS


THE HEDGEYE DAILY OUTLOOK - 7

 

ASIAN MARKETS

THE HEDGEYE DAILY OUTLOOK - 8

 

MIDDLE EAST


THE HEDGEYE DAILY OUTLOOK - 9

The Hedgeye Macro Team