THE HEDGEYE DAILY OUTLOOK

TODAY’S S&P 500 SET-UP – June 13, 2014


As we look at today's setup for the S&P 500, the range is 38 points or 0.89% downside to 1913 and 1.08% upside to 1951.                                               

                                                                                

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: 2.15 from 2.16
  • VIX closed at 12.56 1 day percent change of 8.28%

 

MACRO DATA POINTS (Bloomberg Estimates):         

  • 8:30am: PPI Final Demand, May, est. 0.1% (prior 0.6%)
  • 9:55am: UMich Confidence, June, est. 83 (prior 81.9)
  • 1pm: Baker Hughes rig count

 

GOVERNMENT:

    • House, Senate schedules TBA; No votes in either chamber
    • President Obama to visit Sioux tribe in North Dakota
    • 8:30am: U.S.-EU financial services discussion at Peterson Institute for International Economics
    • 9:30am: British Ambassador to U.S. Peter Westmacott speaks to Bloomberg reporters, editors at Bloomberg Government breakfast
    • U.S. ELECTION WRAP: Cantor Aftermath; Jockeying on Coal
    • Clinton’s popularity drops to 52% in poll as 2016 edge shrinks     

 

WHAT TO WATCH:

  • Intel revenue gets boost as businesses upgrade office computers
  • Express soars after Sycamore Partners says it plans to make bid
  • Obama won’t rule out airstrikes as Iraq battles militant group
  • Oil rises as extremist advance in Iraq threatens crude supply
  • Amaya to acquire Rational, owner of PokerStars, for $4.9b
  • Musk makes Tesla patents “open source” to boost battery cars
  • Tesla teams up w/Soho to add car-charging outlets in Beijing
  • BOJ sticks with easing as analysts delay extra action calls
  • Abe plans company tax cut in 2015 as Kuroda warns on budget
  • China’s May output growth signals economy is stabilizing
  • LinkedIn ordered to face claims it misused user e-mail contacts
  • Malone taking F-1 stake said to hang on $1b value gap
  • Bitcoins seized from Silk Road to be sold at auction in June
  • Cimarex Energy to replace Intl Game Technology in S&P 500
  • Apollo Global in talks to buy Encana’s Bighorn properties: WSJ
  • Relativity Media seeking close of $1b placement: N.Y. Post
  • Fed Decision, CFTC, Amazon, Oracle: Week Ahead June 14-21

 

EARNINGS:

    • No earnings scheduled by S&P 500 cos.

               

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Oil Heads for Year’s Biggest Weekly Gain as Iraq Unrest Worsens
  • Iraq Insurgency Risks Biggest Source of New OPEC Oil, IEA Says
  • Commodities Advance to Nine-Month High as Oil Rallies on Iraq
  • Gold Poised for First Back-to-Back Weekly Increase Since April
  • Copper Advances on Indications Lower Prices Attracted Buyers
  • Naimi’s Good Times Will Last as Lost Output Lifts Prices: Energy
  • Wheat Trims Fifth Weekly Loss as Bear Market May Spur Demand
  • LBMA Gets 10 Proposals to Develop Alternative to Silver Fixing
  • Platinum Producers See Miners’ Return Next Week If Deal Accepted
  • Ukraine Ready to Pay Debt if Russia Agrees to $326 Gas: Naftogaz
  • Cocoa Farmers at Odds With Industry on Benefits of Certification
  • GrainCorp Says Shipped Grain to Brisbane From Southern Australia
  • Natural Gas Bull & Bear Pits Demand vs. Robust Supply: Outlook
  • Sunny Weather Boosts U.K. Wheat Crop Potential Before Harvest

 

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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