THE HEDGEYE DAILY OUTLOOK

03/10/14 07:34AM EDT

TODAY’S S&P 500 SET-UP – March 10, 2014


As we look at today's setup for the S&P 500, the range is 29 points or 0.96% downside to 1860 and 0.58% upside to 1889.                       

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 14.11 1 day percent change of -0.70%

MACRO DATA POINTS (Bloomberg Estimates):

  • 6:15am: Fed’s Plosser speaks on panel in Paris
  • 12:40pm: Fed’s Evans to speak in Columbus, Ga.
  • U.S. Rates Weekly Agenda
  • FX Weekly Agenda

GOVERNMENT:

    • U.S. hold fourth round of trade negotiations for a Trans-Atlantic Trade and Investment Partnership
    • U.S. Election Wrap

WHAT TO WATCH:

  • SEC said to probe whether forex rigging distorted options, ETFs
  • Chiquita Brands to merge with Fyffes to create banana leader
  • Malaysia jet investigators struggle for clues to air mystery
  • China reports falling exports, drop in producer prices
  • Japan economy expands less than initially estimated in 4Q
  • IBM CEO Rometty says company didn’t meet expectations last yr
  • Cars.com’s owners said to work with Moelis on sale of website
  • Russell Investments said to lure BX, Bain for $3b sale
  • United Rentals to buy National Pump, Gulfco for ~$780m
  • SoftBank said to ready broadband pitch on merger resistance
  • Fed’s Plosser sees high bar for change in pace of tapering
  • Tesla, Dell supplier Amtek to seek out more acquisitions
  • Ranbaxy falls after second recall of generic Lipitor in U.S.

EARNINGS:

    • Casey’s General Stores (CASY) 4pm, $0.49
    • Ferrellgas Partners (FGP) 7am, $0.85
    • FuelCell Energy (FCEL) 5:50pm, $(0.04)
    • Globalstar (GSAT) 4:05pm, $(0.05)
    • Novavax (NVAX) 4:10pm, $(0.08)
    • Perfect World (PWRD) 4:35pm, $2.98
    • Resolute Energy (REN) 6am, $0.05
    • United Natural Foods (UNFI) 4:01pm, $0.56
    • Urban Outfitters (URBN) 4pm, $0.55

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Coutts Adds Gold as Demand in China Climbs With Ukraine Risk
  • Gold Most Bullish Since 2012 as Goldman Sees Slump: Commodities
  • Palm Reserves in Malaysia Shrink Most Since 2009 as Output Drops
  • Ukrainian Impasse Propels Bullish Corn Trades to Record: Options
  • Sugar Rallying With Cooking Oil for Merchant Fund on Less Supply
  • Copper Tumbles to 8-Month Low in London on China Demand Concern
  • Gold Extends Decline as U.S. Jobs Data Back Stimulus Reduction
  • WTI, Brent Crude Fall as China Export Drop Signals Slower Growth
  • Polar Vortex Emboldens Industry to Push Old Coal Plants: Energy
  • Rubber in Tokyo Drops Most in Two Weeks; Shanghai at Five-Yr Low
  • China Gold Demand Seen Falling 17% This Quarter Amid Price Rally
  • Thai Sugar Premium Steady Before Result of State Tender Tomorrow
  • Libya Vows to Block Tanker Attempt to Lift Oil in Rebel Port
  • Corn Extends Drop From Six-Month High as Ukraine Concern Eases

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

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.