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    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

TODAY’S S&P 500 SET-UP – September 26, 2014


As we look at today's setup for the S&P 500, the range is 26 points or 0.20% downside to 1962 and 1.12% upside to 1988.                                               

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: 1.94 from 1.95
  • VIX closed at 15.64 1 day percent change of 17.86%

 

MACRO DATA POINTS (Bloomberg Estimates):

  • 8:30am: GDP Annualized q/q, 2Q final, est. 4.6% (prior 4.2%)
  • 9:55am: UofMich Confidence, Sept. final, est. 84.8 (pr 84.6)
  • 1pm: Baker Hughes rig count

GOVERNMENT:

    • Senate, House out of session
    • 10am: Indonesian President Yudhoyono delivers remarks at GWU
    • 1:15pm: TSA Administrator Pistole  at Aero Club of Washington
    • U.S. ELECTION WRAP: Keystone Hangs on Sen. Race; Debate Dates

WHAT TO WATCH:

  • Netflix, Charter Said to Get Data Demands in Comcast Probe
  • Deadline to Shut Down Sanctioned Oil Ops. w/ Russian Partners
  • Obama Delivers Remarks at Global Health Security Agenda Summit
  • Alibaba Bears Emerging to Short 8.9 Million Shares After IPO
  • Apple’s IPhone Software Snafu Has Links to Flawed Maps
  • Apple Releases iOS 8 Update to Fix iPhone 6, Plus Bugs
  • Symantec Appoints Interim Chief Michael Brown as Permanent CEO
  • GM CFO Says Ratings Upgrade Aids Loan Unit to Support Car Sales
  • Intel Spending $1.5b to Bolster China Phone Market Access
  • Chiquita Sweetens Fyffes Merger Terms After Rival Approach
  • New ABC App Lets Mulitasking Fans Post Clips Fast
  • Iraqi Leader Seeks Decisive Airstrikes to End Extremist Terror
  • U.K. May Start Iraq Strikes Within Days of Parliament Vote

EARNINGS:

    • BlackBerry (BB CN) 7am, ($0.16) - Preview
    • Finish Line (FINL) 7:05am, $0.60

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Copper Rebounds From 14-Week Low Before Figures on U.S. Growth
  • Top Palm Oil Growers Scrap Export Tax Amid Battle for Buyers
  • Cheaper Energy to Grain Signals Tame U.S. Inflation: Commodities
  • Soybeans Extend Drop to Lowest Since 2010 on U.S. Crop Prospects
  • WTI Oil Set for Second Weekly Gain Before GDP Data; Brent Rises
  • Gold Falls Before GDP to Inflation Reports as Silver Holds Gains
  • Philippine Lawmaker Files Bill Aiming to Ban Ore Exports by 2021
  • Nuclear Plants Across Emerging World Defy Japan Concerns: Energy
  • Saudi Arabia Said to Plan Steady Oil Output for Rest of 2014
  • Europe Seen Sustaining Russian Gas Cut During Normal Winter
  • European Gold Sales Total 6.8 Tons in Final Year of Accord
  • Polar Ice Research for Climate Clues Means Having an Armed Guard
  • Soybean Traders Bearish for Seventh Week as Harvest Accelerates
  • Oil Curve Errs as U.S. Sales to Shrink Spread: Chart of the Day
  • Natural Gas Pricing Outlook Restrained in U.S. ’Shoulder’ Months

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