• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

TODAY’S S&P 500 SET-UP – October 15, 2013


As we look at today's setup for the S&P 500, the range is 40 points or 1.47% downside to 1685 and 0.87% upside to 1725.                       

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: 2.37 from 2.34
  • VIX closed at 16.07 1 day percent change of 2.23%

MACRO DATA POINTS (Bloomberg Estimates):

  • 7:45am: ICSC weekly sales
  • 8:30am: Empire Manufacturing, Oct., est. 7 (prior 6.29)
  • 8:55am: Johnson/Redbook weekly sales
  • 10am: Fed’s Dudley speaks on monetary policy in Mexico
  • 11am: Fed to buy $4.75b-$5.75b notes in 2018-2019 sector
  • 11:30am: U.S. to sell $35b 3M bills, $30b 6M bills
  • 7:15pm: Fed’s Fisher speaks on economy in New York

GOVERNMENT:

    • House canceled recess to deal with deficit, govt shutdown
    • Supreme Court hears race-based college admissions case
    • FERC Chairman Jon Wellinghoff speaks at Assn for Demand Response and Smart Grid event, 8:30am
    • SEC Chairwoman Mary Jo White speaks at National Assn of Corporate Directors conf., 8am

WHAT TO WATCH:

  • Senate deal to raise U.S. debt limit emerges as time runs short
  • Burberry CEO Ahrendts leaves to head Apple retail business
  • Credit card charges, delinquencies to be reported today
  • Ireland return to mkt financing to be decided next month
  • Swiss Re said to consider sale of U.S. life insurance assets
  • Kogas to seek to sell stake in LNG Canada, CEO Jang says
  • AstraZeneca to pay up to $440m for Spirogen Therapies
  • BlackBerry seeks to reassure customers with newspaper ads
  • Spain sells 1-yr bills to yield 0.96%, lowest since April 2010
  • Perricone MD said to be near finalizing deal: WWD
  • Central banks begin gaming out U.S. default before deadline
  • Oct. 17 is start, not finish of debt-limit crisis endgame

AM EARNS:

    • Charles Schwab (SCHW) 8:45am, $0.20
    • Citigroup (C) 8am, $1.04 - Preview
    • Coca-Cola (KO) 7:30am, $0.53 - Preview
    • Commerce Bancshares (CBSH) 7am, $0.72
    • Domino’s Pizza (DPZ) 7:30am, $0.52 - Preview
    • First Republic Bank (FRC) 7am, $0.76
    • JB Hunt Transport Services (JBHT) 8:30am, $0.78 - Preview
    • Johnson & Johnson (JNJ) 7:45am, $1.32 - Preview
    • Omnicom Group (OMC) 7am, $0.81

PM EARNS:

    • CSX (CSX) 4:01pm, $0.43
    • Intel (INTC) 4:01pm, $0.54 - Preview
    • Linear Technology (LLTC) 5pm, $0.45
    • Pinnacle Financial Partners (PNFP) 5:18pm, $0.42
    • Yahoo! (YHOO) 4:05pm, $0.33 - Preview

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Gold Slides to 3-Month Low as Silver Declines on U.S. Optimism
  • Record Thai Rice Hoard Expanding Global Supply Glut: Commodities
  • WTI Crude Declines Amid Debt Talks, Iran Nuclear Negotiations
  • Copper Falls as Dollar Rallies Amid Speculation Deadlock to End
  • Rio Reports Record Iron Ore, Coal Output as China Demand Surges
  • Cocoa Rises as Grindings May Indicate More Demand; Coffee Falls
  • Soybeans Gain for Second Day as Rain Seen Slowing U.S. Harvest
  • U.S. Natural Gas Rises for a Fourth Day on Cold Weather Outlook
  • Kumba Needs New Right to Access Reserve at Biggest Iron-Ore Mine
  • Coal Expected to Take Share From Gas Through 2014, Says EIA
  • De Beers Squeezes Diamond Buyers Who Flip Gems: Chart of the Day
  • China Steel Binge Spurs Record Hiring of Ore Carriers: Freight
  • Uralkali Projects Record Potash Demand in 2014 on 3% to 4% Gain
  • Brent Below $100 Seen on Prospect of Iran Accord: Energy Markets

THE HEDGEYE DAILY OUTLOOK - 5A

 

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