THE HEDGEYE DAILY OUTLOOK

TODAY’S S&P 500 SET-UP – November 24, 2014


As we look at today's setup for the S&P 500, the range is 55 points or 2.54% downside to 2011 and 0.12% upside to 2066.                   

                                                                                                            

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: 1.81 from 1.81
  • VIX closed at 12.9 1 day percent change of -5.01%

 

MACRO DATA POINTS (Bloomberg Estimates):

  • 8:30am: Chicago Fed Nat Activity, Oct., est. 0.40 (prior 0.47)
  • 9:45am: Markit US Services PMI, Nov. prelim, est 57.3 (pr 57.1)
  • 10:30am: Dallas Fed Mfg Activity, Nov., est. 9 (prior 10.5)
  • 11am: U.S. to announce plans for auction of 4W bills
  • 11:30am: U.S. to sell $24b 3M bills, $28b 6M bills
  • 1pm: U.S. to sell $28b 2Y notes

 

GOVERNMENT:

    • Deadline for pact limiting Iran’s nuclear program in exchange for relief from economic sanctions
    • House, Senate out of session
    • USTR Michael Froman delivers speech at Federation of Indian Chmabers of Commerce and Industry

 

WHAT TO WATCH:

  • Onex to Acquire Packaging Maker SIG for Maximum $4.7b
  • Iran Nuclear Talks May Be Extended If Final Push Falls Short
  • Carlyle Said to Seek $5b for Buyout Fund With Longer Life
  • German Business Confidence Unexpectedly Rises 1st Time in 7 Mos.
  • Iran May Seek OPEC Cut of 1 Million Barrels in Saudi Talks
  • Aviva Falls on 5.4 Billion-Pound Friends Life Takeover Offer
  • ‘Hunger Games’ Debut Trails Predecessors Amid Tepid Reviews
  • U.S. Gasoline Falls to $2.8416 a Gallon in Lundberg Survey
  • Yik Yak Said to Get $62m Investment Led by Sequoia Capital: WSJ

 

AM EARNS:

    • Navios Maritime (NM) 7am, ($0.15)

 

PM EARNS:

    • Brocade Communications (BRCD) 4pm, $0.23
    • Nuance Communications (NUAN) 4:01pm, $0.28
    • Workday (WDAY) 4:02pm, ($0.10)
    • Palo Alto Networks (PANW) 4:03pm, $0.12
    • Aegean Marine Petroleum (ANW) 4:15pm, $0.21
    • Qihoo 360 (QIHU) 5pm, $0.62
    • Post (POST) 5pm, $0.07

 

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • OPEC Easy-Decision Days Seen Over by Former Qatari Minister
  • Iran May Propose 1 Million-Barrel OPEC Cut in Talks With Saudis
  • Brent Crude Trades Near Highest in Seven Days as Iran Seeks Cut
  • Soybeans Drop Amid Outlook for Record U.S. Crop and Brazil Rains
  • World’s Oldest Spice Bears Vietnam Modern Riches: Southeast Asia
  • Copper Falls on Concern China Rate Cut Signals Economic Slowdown
  • Barclays Survey Shows 30% Investors See Gold Below $1,150 By 1Q
  • CME Will Lower Rates for Wheat Storage as Futures Spread Narrows
  • Enterprise Said to Offer U.S. Condensate to Asia Buyers for 2015
  • Gold May Drop 5% in First Three Months of Lower Oil, SocGen Says
  • CME Group to Start New Iron-Ore Futures Contract From December
  • U.K. Gas Rises in Longest Streak in Year on Cold, Norway Outages
  • Robusta Coffee Futures Climb on Vietnam Outlook; Sugar Declines
  • Iran Won’t Cede Market Share by One Barrel: OPEC Reality Check

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 - 9A

 

 

The Hedgeye Macro Team

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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