THE HEDGEYE DAILY OUTLOOK

TODAY’S S&P 500 SET-UP – November 29, 2013


As we look at today's setup for the S&P 500, the range is 19 points or 0.68% downside to 1795 and 0.37% upside to 1814.                                                    

                                                                           

SECTOR PERFORMANCE

 

THE HEDGEYE DAILY OUTLOOK - 1B

 

THE HEDGEYE DAILY OUTLOOK - 2

 

EQUITY SENTIMENT:

 

THE HEDGEYE DAILY OUTLOOK - 10                                                                                                                                                                  

 

CREDIT/ECONOMIC MARKET LOOK:

  • YIELD CURVE: 2.47 from 2.45
  • VIX closed at 12.98 1 day percent change of 1.33%

MACRO DATA POINTS (Bloomberg Estimates):

  • No U.S. economic reports expected

 GOVERNMENT:

    • House, Senate not in session
    • Washington weekly agenda for Dec. 2-6

WHAT TO WATCH:

  • Australia rejects ADM’s $2b takeover of GrainCorp
  • Microsoft said to lean to Mulally, Nadella in CEO search
  • Basel said to target bundled debt in hunt for capital holes
  • Holiday Sales: Extended Hours, Deeper Discounts
  • Thanksgiving e-commerce sales rose 9% as of noon yday: IBM
  • H-P said to bump Verizon as Obamacare website host
  • Dish holders can’t exclude Ergen from Lightsquared bid
  • Charter said to raise $25b to acquire Time Warner Cable
  • Apple wins bid to dismiss privacy suit over data collection
  • Apple won 76% of Japan Oct. smartphone sales, Kantar says
  • France denies Hess energy exploration permits in Paris basin
  • Obamacare website still frustrates some as deadline looms
  • Obamacare’s small-business health exchange site delayed 1 yr
  • Euro-area inflation climbs more than est.; jobless rate drops
  • China’s neighbors test defense zone oversight
  • Japan, U.S. to boost air surveillance in E. China Sea: Yomiuri
  • NOTE: U.S. equity markets close at 1pm; bond markets at 2pm

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Palm Bull Market Extending for Mistry as Indonesian Output Drops
  • Gold Bears Persist as Prices Near Year’s Low on Fed: Commodities
  • Rubber Jumps Most in Six Months as Japanese Inflation Advances
  • WTI Set for Longest Monthly Slide in Almost Five Years on Supply
  • Gold Gains in London to Narrow Biggest Monthly Drop Since June
  • Copper Rises Before Report Seen Showing Chinese Factory Growth
  • Palm Oil Posts Second Monthly Gain as Indonesia Output Declines
  • Rebar Posts First Monthly Gain Since August as Inventory Falls
  • EU Power Network Integration Seen Delayed Again: Energy Markets
  • China 2013 Total Grain Output Rises 2.1% Y/y to 601.9m Tons
  • LNG New-Build Choices Loom Amid Low Usage Rates: 2014 Outlook
  • Rio Suspends Gove Alumina Refinery Amid Low Prices, High Aussie
  • Philippines to Decide in January if More Rice Imports Needed
  • SHFE Copper Stockpiles Fall to 17-Month Low as Aluminum Climbs

THE HEDGEYE DAILY OUTLOOK - 5

 

CURRENCIES

 

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GLOBAL PERFORMANCE

 

 

THE HEDGEYE DAILY OUTLOOK - 3

 

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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