THE HEDGEYE DAILY OUTLOOK

TODAY’S S&P 500 SET-UP – November 28, 2014


As we look at today's setup for the S&P 500, the range is 45 points or 1.87% downside to 2034 and 0.30% upside to 2079.                                 

                                                                                              

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: 1.70 from 1.73
  • VIX closed at 12.07 1 day percent change of -1.47%

 

MACRO DATA POINTS (Bloomberg Estimates):

  • No major economic reports scheduled

 

GOVERNMENT:

    • House, Senate not in session
    • No events of note expected

 

WHAT TO WATCH:

  • OPEC Takes No Action to Ease Supply Glut as Crude Oil Slumps
  • Crude Oil Heads for Biggest Weekly Tumble Since 2011
  • Thanksgiving Deal Hunt Draws Millions Away From Dinner in U.S.
  • Wal-Mart Says >22m Customers Visited Its Stores on Thanksgiving
  • Tokyo Electron, Applied Materials Merger Date Delayed to March
  • Enbridge to Buy 80% of E.On U.S. Wind Portfolio
  • Pfizer, Astra Deal May Have Failed on Tax, Soriot Says: CNBC
  • Euro Inflation Slows to 0.3% as ECB Poised to Discuss Stimulus
  • U.S. Jobs, Services, ECB, BOE, NATO: Week Ahead Nov. 29-Dec. 6
  • U.S. equity markets close at 1pm, bond markets close at 2pm

 

EARNINGS:

    • No earnings expected from S&P 500

                                                                                                                               

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Oil Seen in New Era as OPEC Won’t Yield to U.S. Shale: Energy
  • Oil Steadies After OPEC Triggers Biggest Slump in Three Years
  • Iron on ‘Fast Forward’ as Goldman Sees Risk of Price Outlook Cut
  • Commodities Slump to Five-Year Low as Crude Oil Drops on OPEC
  • OPEC Inaction Signals Pain for Refiners With Costly Oil in Tanks
  • Iron Ore Climbs 1.9% to $71.32/Dry Ton, Highest Since Nov. 18
  • Oil Price Drop After OPEC Decision Is ‘Terrible’: Iraq Minister
  • Platinum, Palladium Price Fixings Make Way for Electronic System
  • CARBON: EU Benchmark Allowances Head for Biggest Gain Since June
  • Indonesia’s ‘Toothless’ Policy for Biofuel Seen Hurting Palm Oil
  • Copper Traders Are Bullish on Expectation Stimulus to Aid Demand
  • Wheat in France at Risk of Yellow Rust Outbreak in 2015: Arvalis
  • Palm Drops to One-Month Low as Crude Slump Curbs Biofuel Demand
  • China Said to Order Companies to Check Risks in Commodity Trades

 

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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