THE HEDGEYE DAILY OUTLOOK

TODAY’S S&P 500 SET-UP – October 25, 2013


As we look at today's setup for the S&P 500, the range is 21 points or 1.09% downside to 1733 and 0.11% upside to 1754.                               

                                                                                                

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: 2.21 from 2.22
  • VIX closed at 13.2 1 day percent change of -1.64%

MACRO DATA POINTS (Bloomberg Estimates):

  • 8:30am: Durable Goods Orders, Sept., est. 2.2% (prior 0.1%)
  • 9:55am: U Mich Consumer Sentiment, Oct. final, est. 75.0 (prior 75.2)
  • 10am: Wholesale Inventories, Aug., est. 0.3% (prior 0.1%)
  • 1pm: Baker Hughes rig count

GOVERNMENT:

    • President Obama speaks in N.Y. on importance of education, entrepreneurship, middle class competitiveness
    • Senate, House out of session
    • U.S. Customs and Border Protection holds final day of East Coast Trade Symposium on “Increasing Economic Competitiveness through Global Partnerships and Innovation”

WHAT TO WATCH:

  • Twitter seeks $1.4b in biggest Web IPO since Facebook
  • Twitter insiders hold on to shrs in IPO amid growth prospects
  • JPMorgan said to see possible U.S. accord on Madoff scheme role
  • Microsoft 1Q sales, profit top analyst ests.
  • Amazon reports jump in 3Q rev. ahead of holiday shopping season
  • DuPont says it will spin off performance chemicals subsidiary
  • Fed said to issue warning about lax loan underwriting practices
  • U.K. eco. grew in 3Q at strongest pace since 2010 on services
  • German business confidence unexpectedly decreased in Oct.
  • Samsung’s record earnings fueled by demand for handsets to chips
  • Toyota loses $3m verdict in Oklahoma fatal crash lawsuit
  • Ares Capital Management planning IPO, hires JPM: N.Y. Post
  • Boeing gets China commitment for $20.7b of 737s: Reuters
  • Europe clocks go back 1 hour as daylight savings time ends
  • Fed Meeting, BOJ, Iran Talks, Apple: Week Ahead Oct. 26-Nov. 2

EARNINGS:

    • AbbVie (ABBV) 7:51am, $0.78 - Preview
    • Aon (AON) 6:30am, $1.04
    • Avery Dennison (AVY) 8:30am, $0.64
    • Brookfield Office Properties (BPO CN) 7:20am, $0.25
    • DTE Energy (DTE) 7:10am, $1.22
    • Eaton (ETN) 6:30am, $1.12
    • ImmunoGen (IMGN) 6:30am, $(0.22)
    • Lear (LEA) 7am, $1.33
    • Legg Mason (LM) 6:59am, $0.62
    • Moody’s (MCO) 7am, $0.81
    • National Oilwell Varco (NOV) 7am, $1.32 - Preview
    • Newell Rubbermaid (NWL) 6:30am, $0.49 - Preview
    • Procter & Gamble (PG) 6:58am, $1.05 - Preview
    • Rockwell Collins (COL) 7:25am, $1.31
    • Sherwin-Williams (SHW) 8am, $2.64
    • Simon Property (SPG) 7am, $2.16 - Preview
    • TCF Financial (TCB) 8am, $0.23
    • United Parcel Service (UPS) 7:45am, $1.15 - Preview
    • Ventas (VTR) 7:03am, $1.02
    • WisdomTree Investments (WETF) 7am, $0.09

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Abe’s Farmers Fight Fat as Trade Talks Mean Tariff Cuts in Japan
  • Gold Bulls Persist on Dollar Drop as Stimulus Kept: Commodities
  • Gold Trades Below Three-Week High as Demand May Slow After Rally
  • Copper Heads for Weekly Drop on Concern China May Tighten Credit
  • Wheat Gains as Australia Dry Weather Adds to Crop Damage Concern
  • WTI Oil Fluctuates on the Way to Biggest Weekly Loss Since June
  • Cocoa Butter Falls as Chocolate Makers End Christmas Buying
  • Crude May Decline Next Week as Weak Demand Boosts U.S. Supplies
  • Palm Oil Declines Most in Four Weeks as Malaysian Exports Slow
  • Rubber in Tokyo Has First Weekly Loss in Three as Yen Climbs
  • Aluminum Shipments by Japan Expand as Auto Demand Improves
  • Anglo American CEO Cools on Minas-Rio Stake Sale as Prices Climb
  • European Coal Rallying From Record Low on Growth: Energy Markets
  • Copper Set for Weekly Drop on China Credit Concern: LME Preview

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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