THE HEDGEYE DAILY OUTLOOK

TODAY’S S&P 500 SET-UP – April 11, 2014


As we look at today's setup for the S&P 500, the range is 32 points or 0.33% downside to 1827 and 1.41% upside to 1859.                                                          

                                                                     

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: 2.73 from 2.30
  • VIX closed at 15.89 1 day percent change of 14.98%

MACRO DATA POINTS (Bloomberg Estimates):

 

  • 8:30am: PPI Final Demand m/m, March, est. 0.1% (prior -0.1%)
  • PPI Ex Food and Energy m/m, March, est. 0.2% (prior -0.2%)
  • PPI Final Demand y/y, March, est. 1.1% (prior 0.9%)
  • PPI Ex Food and Energy y/y, March, est. 1.1% (prior 1.1%)
  • 9:55am: UofMich. Confidence, April preliminary, est. 81 (prior 80)
  • 1pm: Baker Hughes rig count

GOVERNMENT:

    • President Obama addresses National Action Network in New York
    • 8:30am:  World Bank, IMF hold annual Spring Meetings
    • 11:30am: Senate Env. Chairwoman Barbara Boxer, D-Calif., Sen. Sheldon Whitehouse, D-R.I. hold Keystone XL pipeline media call
    • U.S. ELECTION WRAP: Poll Shows Obamacare Motivates GOP Voters

WHAT TO WATCH:

  • Coldwater Creek files bankruptcy after clothing sales decline
  • Sebelius resignation may give successor more room on Obamacare
  • H&R Block shrs jump as tax preparer agrees to sell bank
  • U.S. warns Russia of more sanctions as G-7 studies Ukraine aid
  • China’s inflation stays below target as producer prices drop
  • Wall Street bond trading, allocation draws scrutiny from Finra
  • Samsung adds $600 of S5 freebies to fend off Apple, Xiaomi
  • Citadel fund said to quadruple with high-frequency trading gains
  • Gallagher priced at $43.25 in sale to fund Wesfarmers deal
  • Heartbleed flaw found in Cisco, Juniper networking equipment
  • Li & Fung said to work with Citigroup on brands unit spinoff
  • Citi said investigated by DOJ on suspicious transactions: WSJ
  • Vista Equity may seek to raise $5b for newest fund: NYT

EARNINGS:

    • Fastenal Co (FAST) 6:50am, $0.38 - Preview
    • JPMorgan Chase & Co (JPM) 6:58am, $1.46 - Preview
    • Wells Fargo & Co (WFC) 8am, $0.96 - Preview

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

 

  • Australia Braces for Strongest Storm Since 2011 in Queensland
  • Nickel Favored by UBS on Supply Shocks, Macquarie Sees Deficit
  • China’s Li Swaps Steel Production for Cleaner Air: Commodities
  • WTI Heads for Weekly Gain as Discount to Brent Shrinks on Libya
  • Gas Loses Decades-Old Link to Crude Oil in Landmark Contract
  • Nickel Heads for Second Weekly Gain on Mounting Supply Concerns
  • Shanghai Gold Exchange to Start Leasing Platform by End of June
  • Westinghouse Says EU States’ Uranium Interest Gains on Ukraine
  • Cotton Shipments From India Jumping as Harvest Climbs to Record
  • Shanghai to Introduce Gold Leasing Platform in 1H, Exchange Says
  • Gas Carousel Making Spain Europe’s Biggest LNG Exporter: Energy
  • Soybean Traders Bullish First Time in 6 Weeks on Tight Supplies
  • Platinum Favored Over Gold on Supply Shortage: Chart of the Day
  • Drought Seen Hurting Thai Farm Output as El Nino Risk Climbs

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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