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August 22, 2014

                                                 

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: 1.92 from 1.94
  • VIX closed at 11.76 1 day percent change of -0.17%

 

MACRO DATA POINTS (Bloomberg Estimates):              

  • No major economic reports scheduled
  • 10am: Fed’s Yellen at Kansas City Fed symposium at Jackson Hole, Wyo.
  • 1pm: Baker Hughes rig count
  • 2:30pm: ECB’s Draghi speaks at Jackson Hole

GOVERNMENT:

    • President Obama on vacation on Martha’s Vineyard
    • Senate, House out on August recess
    • U.S. ELECTION WRAP: McConnell on Shutdowns; Ernst Policies

WHAT TO WATCH:

  • Labor market at Jackson Hole forefront before Yellen speech
  • Theory of tech replacing workers overblown: MIT J.H. paper
  • Lew Says business tax reform best for addressing inversions
  • Family Dollar said open to Dollar General deal with changes
  • BofA seeks to prove Buffett’s call right after settlement
  • Citigroup faces curbs on hedge fund sales after deal: WSJ
  • Enbridge avoids U.S. review with plan to boost oil sands flow
  • GM legal dept. investigated by U.S. on recall delay: WSJ
  • Co. to halt production at Russian plant for 4 periods
  • Home Depot U.S. president Menear to succeed Blake as CEO
  • IBM never stopped server sales to Chinese banks: China Daily
  • GE says reports of FAA grounding of Air India 787 incorrect
  • Keurig 2.0 to go on sale from Aug. 24: WSJ
  • Aeropostale considers closing additional 175 stores
  • Disney unveils new Star Wars game for mobile: NYT
  • Lockheed meets with suppliers on lower F-35 costs: Reuters
  • U.S.GDP, Housing, Ukraine, Tennis, Emmys: Wk Ahead Aug. 23-30

EARNINGS:

    • Ann Inc. (ANN) 7:31am, $0.69
    • Foot Locker (FL) 7am, $0.54 - Preview
    • Hibbett Sports (HIBB) 6:30am, $0.31
    • Royal Bank of Canada (RY CN) 6am, C$1.57 - Preview

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • WTI Oil Set for Longest Weekly Slide Since November; Brent Drops
  • Gold Advances From Two-Month Low Before Central Bankers Speak
  • Palm Oil Drops Below 2,000 Ringgit First Time Since 2009 on Glut
  • Too Much Corn With Nowhere to Go as U.S. Farmers Plan for Record
  • Chinese Zinc Threatens Biggest Jump in 5 Years: Chart of the Day
  • Pacific Tropical Storm Marie May Strengthen to Hurricane Today
  • Wheat Rises as World Supply Seen Less Ample on Lower Canada Crop
  • MORE: Shanghai Exchange Copper Stockpiles Drop by Most Since May
  • Copper Rises to Two-Week High on U.S. Home Sales: LME Preview
  • Copper Set for Weekly Gain as U.S. Housing Data Beats Estimates
  • WTI Crude Seen Rising on Falling Inventories in Analyst Survey
  • First Crude Tanker Departs From Hound Point After Maintenance
  • Gold Traders Most Bearish in Seven Weeks on U.S. Rate Outlook
  • EU Natural Gas Traders Most Bullish in Six Weeks on Ukraine Risk

 

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