THE HEDGEYE DAILY OUTLOOK

TODAY’S S&P 500 SET-UP – February 14, 2014


As we look at today's setup for the S&P 500, the range is 122 points or 5.67% downside to 1726 and 0.99% upside to 1848.                                   

                                                                                            

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: 2.42 from 2.42
  • VIX closed at 14.14 1 day percent change of -1.12%

MACRO DATA POINTS (Bloomberg Estimates):

  • 8:30am: Benchmark revisions of Producer Price Index
  • 8:30am: Import Price Index m/m, Jan., est. -0.1% (pr 0.0%)
  • 9:55am: UofMich. Confidence, Feb. preliminary, est. 80.2
  • 11am: Fed to buy $1b-$1.25b in 2036-2043 sector
  • 1pm: Baker Hughes rig count

GOVERNMENT:

    • President Barack Obama meets w/Jordan’s King Abdullah II
    • U.S. federal agencies open with two-hour delay

WHAT TO WATCH:

  • More snow for U.S. Northeast after 14,000 flights grounded
  • AIG boosts div., buybacks as CEO Benmosche eliminates jobs
  • Twitter insiders get first chance to sell shrs as lockup ends
  • Sony’s PlayStation 4 retakes lead over Microsoft’s Xbox One
  • Kennedy Wilson Europe to raise $1.2b in property IPO
  • Rakuten to buy Viber Internet messaging app for $900m
  • Brightoil in talks w/Anadarko, Newfield on China ops: Reuters
  • Pershing, Trian other funds face 13F disclosure deadline
  • Toyota’s Prius keeps top Calif. sales rank as Tesla moves up
  • Euro-area economy grows more than forecast on Germany, France
  • European banks avoiding risky-loan disclosure brace for review
  • China banks’ bad loans reach highest since financial crisis
  • China inflation stays subdued as producer prices drop
  • Fed Minutes, Carney, EU Talks, Olympics: Wk Ahead Feb. 15-22
  • NOTE: No U.S. Daybook Monday due to President’s Day holiday

EARNINGS (all times ET, times are approximate):

    • Allete (ALE) 8:30am, $0.82
    • Brookfield Asset Management In (BAM/A CN) 7:01am, $0.51
    • Campbell Soup Co (CPB) 6:30am, $0.73  - Preview
    • Coty (COTY) 6am, $0.29
    • DTE Energy Co (DTE) 7:15am, $0.96
    • Enbridge (ENB CN) 7am, C$0.45 - Preview
    • Hyatt Hotels (H) 7:30am, $0.20
    • Interpublic Group (IPG) 7am, $0.59
    • ITT (ITT) 7am, $0.47
    • JM Smucker (SJM) 7am, $1.68 - Preview
    • LifePoint Hospitals (LPNT) 6:30am, $0.80
    • Lincoln Electric Holdings (LECO) 7:30am, $0.86
    • Scripps Networks Interactive I (SNI) 7am, $0.97
    • TRW Automotive Holdings (TRW) 7am, $1.64
    • Ventas (VTR) 7:01am, $0.43
    • VF (VFC) 7am, $0.84 - Preview

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Gold Extends Climb Above $1,300 as Investors Boost SPDR Holdings
  • Palm Imports by India Slump to Lowest Since April on Reserves
  • Natural Gas Heads for Weekly Gain as Cold Erodes Stockpiles
  • Copper Advances as Economic Growth in Europe Exceeds Estimates
  • Soybeans Climb for a Second Day on Chinese Demand Indications
  • Coffee Declines in London to New York With Brazil Rainfall Seen
  • Rebar in Shanghai Advances as Chinese Steel Output Declines
  • Silver Trades Above 200-Day Moving Average for 1st Time in Year
  • Impala Platinum Sees Strike Lasting to May as Talks Stumble
  • Sugar Traders Bullish for Second Week on Dry Weather in Brazil
  • Frozen Peach Trees Help U.S. Southeast Orchards Amid Storm Chaos
  • Derailment in Pennsylvania Adds to Scrutiny of Crude Shipments
  • Iran Nuclear Talks Resume as Companies Prepare for Market Access
  • Palm Reserves in Indonesia Seen at 19-Month Low; Prices Advance

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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