TODAY’S S&P 500 SET-UP – August 5, 2013
As we look at today's setup for the S&P 500, the range is 20 points or 1.03% downside to 1692 and 0.14% upside to 1712.
SECTOR PERFORMANCE
EQUITY SENTIMENT:
CREDIT/ECONOMIC MARKET LOOK:
- YIELD CURVE: 2.31 from 2.30
- VIX closed at 11.98 1 day percent change of -7.42%
MACRO DATA POINTS (Bloomberg Estimates):
- 10am: ISM Services Index, July, est. 53.0 (prior 52.2)
- 11am: Fed to buy $1.25b-$1.75b debt in 2036-2043 sector
- 11:30am: U.S. to sell 3M, 6M bills
- 11:45am: Fed’s Fisher speaks on economy in Portland, Ore.
- U.S. Weekly Rates Agenda
GOVERNMENT:
- Transportation Sec. Anthony Foxx, NHTSA hold event highlighting latest pedestrian fatality data, agency efforts to reverse trend of rising fatalities, 11am
- Washington Weekly Agenda
WHAT TO WATCH:
- Apple can keep selling iPhone 4 after reprieve from U.S.
- U.S. decision seen aiding cheaper iPhone push
- China services, manufacturing indicate slowdown stabilizing
- Terrorism threat extends U.S. embassy closures through Aug. 10
- CBS blackout continues on Time Warner Cable stations
- New York Times agrees to sell Boston Globe to John Henry
- Fed should reverse commodity-trading policy: CFTC’s Chilton
- MBK said in exclusive talks to buy ING’s Korean insurance unit
- California Governor Brown ends immediate threat of BART strike
- 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. Services, BOJ, Carney, HSBC, Rohani: Wk Ahead Aug. 5-10
EARNINGS:
- Atlas Pipeline Partners (APL) 4:35pm, $0.39
- Bristow Group (BRS) 5:05pm, $0.94
- Dun & Bradstreet (DNB) 4:15pm, $1.52
- EW Scripps (SSP) 7:30am, $0.07
- EXCO Resources (XCO) 4:01pm, $0.11
- Fidelity National Financial (FNF) 4:04pm, $0.63
- GT Advanced (GTAT) 4:15pm, $0.09
- Hologic (HOLX) 4:01pm, $0.37
- Integrys Energy Group (TEG) 5:07pm, $0.37
- Jack in the Box (JACK) 4:01pm, $0.38
- Kosmos Energy (KOS) 7am, $(0.10)
- Macerich (MAC) Aft-mkt, $0.81
- Mindray Medical Intl (MR) 5pm, $0.50
- PAA Natural Gas Storage (PNG) 4:07pm, $0.19
- Plains All American Pipeline (PAA) 4:05pm, $0.60
- ProAssurance (PRA) 4:01pm, $0.87
- Retail Properties of America (RPAI) 4:01pm, $0.23
- Rockwood (ROC) 6:28am, $0.76
- Stone Energy (SGY) 4:03pm, $0.69
- Sunstone Hotel Investors (SHO) 4:14pm, $0.30
- Tesoro Logistics (TLLP) 4:30pm, $0.47
- Tyson Foods (TSN) 7:30am, $0.60
- Unum Group (UNM) 4pm, $0.79
- Volcano (VOLC) 4:05pm, $0.00
- Vornado Realty Trust (VNO) 5:17pm, $1.21
COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)
- Fed Should Reverse Commodity-Trading Policy, CFTC’s Chilton Says
- p Commodities Market, Industry News »
- Gold Bulls Cut Wagers on Signs U.S. Growth Quickens: Commodities
- U.S. Milk Climbs as Fonterra Halt Seen Spurring Demand Elsewhere
- Corn Slumps to Lowest Since 2010 on Outlook for Record U.S. Crop
- Brent Drops a Second Day as Libya Reopens Port, Rohani Appointed
- Gold Swings Between Gains and Declines Amid Stimulus Speculation
- Copper Swings Between Gains and Drops Amid Signs of U.S. Rebound
- Palm Oil Declines as Global Cooking Oil Supplies Seen Expanding
- Shale Drillers Pull Ahead of Global Oil Giants in Profit: Energy
- Cocoa Net Long of Money Managers on Liffe Rose in Latest Week
- Port Hedland Iron Ore Exports Drop as Shipments to China Decline
- Metal Prices May Be Capped by Negative Economic Surprises
- Lab Burger Reared to Challenge Real Meat Faces Taste Test Today
- COMMODITIES DAYBOOK: Gold Bulls Cut Bets as U.S. Growth Quickens
- Rusal Says Aluminum Premiums to Stay High as LME Tackles Backlog
CURRENCIES
GLOBAL PERFORMANCE
EUROPEAN MARKETS
ASIAN MARKETS
MIDDLE EAST
The Hedgeye Macro Team
