• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

TODAY’S S&P 500 SET-UP – November 14, 2014


As we look at today's setup for the S&P 500, the range is 38 points or 1.39% downside to 2011 and 0.47% upside to 2049.                                                     

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: 1.82 from 1.83
  • VIX closed at 13.79 1 day percent change of 5.91%

MACRO DATA POINTS (Bloomberg Estimates):

  • 8:30am: Retail Sales, Oct., est. 0.2% (prior -0.3%)              
  • 8:30am: Import Price Index, Oct., est. -1.5% (prior -0.5%)             
  • 9:10am: Fed’s Bullard speaks in St. Louis               
  • 9:55am: UMich Consumer Sentiment, Nov. prelim, est. 87.5 (pr 86.9)     
  • 10am: Business Inventories, Sept., est. 0.2% (prior 0.2%)             
  • 10am: Mortgage Delinquencies, 3Q (prior 6.04%)             
  • 10:30am: EIA natural-gas storage change             
  • 1pm: Baker Hughes rig count     
  • 4pm: Fed’s Fischer, Powell speak in Washington              

GOVERNMENT:               

    • House, Senate in session             
    • 8:30am: EIA Administrator Adam Sieminski delivers remarks on “Implications of the U.S. Shale Revolution,’         
    • 9am: Mexico’s energy undersecretary for hydrocarbons, Maria de Lourdes Melgar Palacios speaks on the nation’s energy reform 
    • 10am: Siemens CEO Joe Kaeser speaks on energy issues at CSIS               
    • 10am: Energy Sec. Ernest Moniz announces “major investment”              
    • 10am: Vice President Biden to speak at Inter-American Development Bank        
    • 11am: Postmaster General Patrick Donahoe on  U.S. Postal Service FY14 end-of-year financial results     

WHAT TO WATCH:

  • U.S. Said to Give Banks December Deadline for FX Admissions  
  • Alibaba Said to Seek $8 Billion in Bond for Loan Repayment         
  • BP Loses Bid for New Trial Over Its Gulf Spill Negligence
  • Halliburton, Baker Hughes Consider Merger Amid Industry Downturn    
  • Virgin America Raises $307m Pricing U.S. IPO Within Range          
  • Applied Materials Forecasts Profit, Revenue Short of Estimates
  • German and French Economies Rebound as Italian Slump Persists           
  • China to Waive Capital-Gains Tax for Foreigners Using Stk Link   
  • Boston Scientific Ordered to Pay $26.7 Million in Mesh Case       
  • Banks Said to Alter IPO Pitches as Finra Faults New Conflicts       
  • Wells Fargo Cancels Sale of Mortgage-Servicing Rights to Ocwen              
  • UPS Sees Wider Margins as E-Tailing Nears Business Shipping    
  • Sub-$2-a-Gallon Gasoline Futures Hand U.S. Motorists Gift         
  • Starbucks Dutch Tax Deal Clashes With Global Standards, EU Says            
  • Hostess Owners Said to Plan Sale of Twinkie Maker in Early 2015              
  • Blackstone May Ask U.S. to Speed Waldorf Sale Probe: NYP       
  • G-20, Fed Minutes, Obamacare, Japan GDP: Wk Ahead Nov. 15-22          

EARNINGS:        

    • Amaya Gaming (AYA CN) 6:30am, C$0.22             
    • B2Gold (BTO CN) 6:30am, $0.01
    • InterOil (IOC) 6am, ($0.51)          
    • Onex (OCX CN) 7am, $1.26         
    • Power Corp. of Canada (POW CN) 11:12am, C$0.68         
    • Springleaf (LEAF) 8am, $0.51      

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Brent Rises Amid Speculation OPEC Will Respond to Oil-Price Drop
  • Commodities Retreat to Five-Year Low as Oil Slumps With Metals
  • Fracking Boom Spurs Demand for Sand, Clouds of Dust: Commodities
  • Snowfall Alert Triggered Because Lakes Are Too Warm for Cold Air
  • Noble Said to Reload Its First Spanish LNG for Delivery to Japan
  • Soybeans Fall as China Slows and Oil’s Slide May Weigh on Demand
  • U.S. Shale-Oil Surge to Continue Amid Price Slump, IEA Says
  • Glencore to Shut Australian Coal Mines Temporarily Amid Glut
  • Palm Trims Weekly Gain as Crude Oil Losses Reduce Biofuel Demand
  • Steel Rebar Posts Second Weekly Drop as Mills Restart After APEC
  • European Coal Set to Gain Most in Three Months as Glencore Cuts
  • Corn Traders Divided on Demand Concerns to Harvest Forecast
  • Buffett’s Power Market With California Faces Pricing Anomalies
  • OPEC Diplomacy Picks Up From Iraq to Libya Amid Oil Plunge
  • Gold Drops as Inflation Concern Fades; Platinum at Five-Year Low

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