THE HEDGEYE DAILY OUTLOOK

TODAY’S S&P 500 SET-UP – July 7, 2014


As we look at today's setup for the S&P 500, the range is 43 points or 1.99% downside to 1946 and 0.18% upside to 1989.                                                               

                                                                

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: 2.12 from 2.13
  • VIX closed at 10.32 1 day percent change of -4.62%

 

MACRO DATA POINTS (Bloomberg Estimates):

  • No major economic reports expected
  • U.S. Rates Weekly Agenda
  • FX Weekly Agenda

    

GOVERNMENT:

    • President Obama hosts teachers at White House to discuss efforts to improve teacher quality
    • Iran, World Powers hold nuclear talks in Vienna
    • Argentina delegation in NYC to meet with court-appointed mediator

 

WHAT TO WATCH:

  • Archer Daniels Midland to acquire Wild Flavors for $3b
  • American Apparel investor said to weigh paying $10m loan
  • Lagarde hints at global forecast cut even as U.S. rebounds
  • Fed seen raising main rate earlier after June employment surge
  • Goldman Sachs brings forward rate forecast as Treasuries drop
  • American Express “take it or leave it” policy goes on trial
  • SABMiller to sell $1.09b Tsogo Sun stake following review
  • SunTrust agrees to pay up to $320m to end mortgage probe
  • Apache said to seek buyer for Wheatstone LNG project holdings
  • Aristocrat to buy Video Gaming Technologies for $1.3b
  • Anglo to sell 50% in Lafarge Tarmac for minimum of GBP885m
  • China auto sales rise 14% as foreign brands target small cities
  • German industrial output falls as confidence in recovery wanes
  • Noyer says BNP case may encourage diversification from dollar

 

EARNINGS:

    • Alimentation Couche Tard (ATD/B CN) 8:42am, $0.25 - Preview
    • Bankers Petroleum (BNK CN) 7am, $0.09

 

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Coffee Stockpiles With Vietnam Farmers Declining to Two-Year Low
  • Palm Oil Inventories in Malaysia Extend Climb as Output Expands
  • Corn Avalanche Coming as Rain Trumps Planting Drop: Commodities
  • Philippines to Consider More Rice Imports, Ending Subsidy
  • Rubber Closes Nears 3-Week Low as Oil Price Drop Reduces Appeal
  • Brent Oil Falls to Three-Week Low on Libya Supply; WTI Slips
  • Gold Extends Retreat From Three-Month High as Dollar Strengthens
  • Indonesia’s Presidential Candidates Trade Barbs on Graft
  • Copper Drops as Stockpiles Swell Most Since March on South Korea
  • Cars Beating Homes Shifts Steel Use in China: Chart of the Day
  • Commodity ETP Outflows Seen by Blackrock at $392mln in June
  • Philippines to Consider Ending Rice Farmers’ Subsidy: Pangilinan
  • Apache Said to Seek Buyer for Wheatstone LNG Project Stake
  • Russia Oil Exports Fall to Six-Year Low as Refiners Process More

 

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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