THE HEDGEYE DAILY OUTLOOK

TODAY’S S&P 500 SET-UP – April 8, 2013


As we look at today's setup for the S&P 500, the range is 26 points or 0.40% downside to 1547 and 1.27% upside to 1573.   

                                                                                                                            

SECTOR PERFORMANCE


THE HEDGEYE DAILY OUTLOOK - 1

 

THE HEDGEYE DAILY OUTLOOK - 2

 

EQUITY SENTIMENT:


THE HEDGEYE DAILY OUTLOOK - 10


CREDIT/ECONOMIC MARKET LOOK:

  • YIELD CURVE: 1.49 from 1.49
  • VIX closed at 13.92 1 day percent change of 0.22%

MACRO DATA POINTS (Bloomberg Estimates):

  • 8:30am: Fed’s Pianalto speaks in West Palm Beach, Fla.
  • 11am: Fed to purchase $1b-$1.5b notes in 2017-2043 sector
  • 11:30am: U.S. to sell $35b 3M bills, $30b 6M bills
  • 7:15pm: Fed’s Bernanke speaks at Atlanta Fed conference
  • U.S. Rates Weekly Agenda

GOVERNMENT:

    • President Obama travels to Connecticut to discuss gun policy
    • Washington Week Ahead

WHAT TO WATCH

  • Alcoa reports 1Q after the close, beginning earnings season
  • UPS appeals EU rejection of $6.7b TNT Express merger
  • Macy’s, Martha Stewart return to trial if no settlement made
  • Icahn says he won’t waive right to Dell proxy fight: WSJ
  • Dell board ready to repay Icahn for offer-related expenses
  • Adelson returns to stand in $328m suit over Macau deal
  • Merck starts fresh trial on claims Fosamax causes broken legs
  • Chesapeake to keep stake in FTS after value declines: WSJ
  • GE said to be near purchase of Lufkin Industries: WSJ
  • AB InBev has pact in principle with U.S. on Modelo takeover
  • Occidental Chairman Irani should retire, shareholder says
  • Pentagon to seek less for missile defense in FY 2014 budget
  • GM Holden cuts 500 Australian workers citing currency strength
  • Exchanges begin using limit up/limit down circuit breakers
  • Ex-News Corp. COO Chernin said to bid $500m for Hulu site
  • “Evil Dead” tops N.A. box office w/ $26m in sales
  • China’s local debt may be double audit figure: ex-official
  • U.S. Weekly Agendas: Finance, Industrials, Energy, Health, Consumer, Tech, Media/Ent, Real Estate, Transports
  • North American M&A Agenda
  • Canada Weekly Agendas: Energy, Mining
  • U.S. Budget, Bernanke, China, Masters: WK Ahead April 8-13

EARNINGS:

    • Alcoa (AA) 4:03pm, $0.08 - Preview
    • A Schulman (SHLM) 4:01pm, $0.40

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Copper Climbs Before Chilean Miners Give Start Date for Strike
  • Hedge Funds Cut Bets Most Since ‘08 as Prices Slump: Commodities
  • Wheat Climbs as China Purchases Almost 1 Million Tons From U.S.
  • Gold Falls in London as Stronger Dollar Curbs Investment Demand
  • WTI Rebounds in New York After Biggest Weekly Drop in Six Months
  • Soybeans Climb as Drop to Lowest in Three Months Attracts Buyers
  • Sugar Rebounds After Bearish Bets Reach Record; Coffee Gains
  • Trust in Gold Not Bernanke as U.S. States Promote Bullion Tender
  • Iron-Ore Swaps Extend Gains as Chinese Mills Seen Restocking
  • Palm Oil Stockpiles in Malaysia Seen Declining Most in Two Years
  • Sundance Scraps Hanlong’s $1.18 Billion Iron Ore Takeover
  • Sewer Bonds Now Saving Power as Simon Property Uses Pace: Energy
  • Bullish Gas Bets Jump as Supply Glut Disappears: Energy Markets
  • Rebar Futures Climb as Rising China Demand May Trim Inventories

THE HEDGEYE DAILY OUTLOOK - 5

 

CURRENCIES


THE HEDGEYE DAILY OUTLOOK - 6

 

GLOBAL PERFORMANCE

 

THE HEDGEYE DAILY OUTLOOK - 3

 

THE HEDGEYE DAILY OUTLOOK - 4

 

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

 

 

 

 

 

 

 

 

 

 


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