THE HEDGEYE DAILY OUTLOOK

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


As we look at today's setup for the S&P 500, the range is 87 points or 3.69% downside to 1963 and 0.58% upside to 2050.                                                    

                                                                           

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: 1.83 from 1.83
  • VIX closed at 12.67 1 day percent change of -3.43%

 

MACRO DATA POINTS (Bloomberg Estimates):

  • Bond markets closed for Veterans Day
  • 7:30am: NFIB Small Business Optimism, Oct., est. 96 (pr 95.3)
  • 7:45am: ICSC weekly sales
  • 8:55am: Redbook weekly sales

 

GOVERNMENT:

    • House, Senate not in session
    • Govt. offices closed for Veterans Day
    • Political directors from China, France, Germany, Russia, U.K., U.S. meet with Iran in Muscat, Oman
    • Sec. of State John Kerry accompanies Obama in Beijing

 

WHAT TO WATCH:

  • Banks Said Poised to Settle With CFTC in Currency-Rigging Cases
  • Barclays, HSBC Sued by U.S. Soldiers Over Attacks in Iraq
  • Takata Accused in Suit of Burying Results of Bad Air-Bag Tests
  • Juniper CEO Resigns After Board Review Over Customer Negotiation
  • Mondelez to Buy Stake in Kinh Do Snack Unit for $370 Million
  • U.S. Says Breakthrough Reached With China on Trade Accord
  • Alibaba Open to Working With PayPal to Expand Payments Business
  • American Apparel Posts Biggest Quarterly Sales Drop Since 2010
  • Hortonworks Planning Stock Sale Touts $50 Billion Hadoop Market
  • Mersch Says ECB Ready to Expand Asset Purchases to ABS Next Week
  • Shanghai Stock Trading Surges to Record Before Exchange Link
  • Google to Lease NASA’s Moffett Field Airfield for $1.2 Billion
  • Clear Channel Said to Consider Europe Outdoor Unit Ad Sale: Rtrs
  • SpaceX to Make Micro-Satellites Announcement in 2-3 Mos: Musk
  • GM Ignition Defect Tied to Death of Woman 11 Years Ago: NYT

 

EARNINGS:

    • Aecom Technology (ACM) 7am, $0.82
    • CST Brands (CST) 7am, $0.58
    • DR Horton (DHI) 7am, $0.48 - Preview
    • Fossil (FOSL) 4:01pm, $1.82 - Preview
    • Insys Therapeutics (INSY) 7am, $0.26
    • Sabre (SABR) 8am, $0.25
    • Semafo (SMF CN) 8am, $0.06
    • Tahoe Resources (THO CN) 4:02pm, $0.25
    • YY (YY) 4:01pm, $0.74

 

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Get Ready for $60 Iron Ore as Citi Says Slump Has Long Way to Go
  • Brent Crude Falls to Four-Year Low as WTI Slides on Stockpiles
  • Gold Falls a 9th Time in 10 Days as Stronger Dollar Cuts Demand
  • Aluminum to Copper Slide as Strengthening Dollar Erodes Demand
  • Palm Imports by India Seen Rising for Fourth Month on Festivals
  • Saudis Using Price Correction to Pressure OPEC Members: SocGen
  • Corn Little Changed After Surprise Drop in U.S. Crop Outlook
  • NLMK May Boost Dividend After Completing Spending, Cutting Debt
  • Power Funds Post Losses as Nordic Weather Confounds Forecasters
  • Rebar Declines First Time in Four Days on China Demand Concerns
  • OIL DAYBOOK: Iraq Tracks Saudi Price Moves; Angola Dec. Exports
  • OPEC’s Choice Is Pricing Power or Sales in New Oil Order: Energy
  • Qatar Commits to 2022 World Cup Spending Even After Oil’s Plunge
  • OPEC’s Kuwait Sees No Oil-Output Cut at November Meeting

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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