Yellow Pages Business Listings
Detailed Weather Reports, Event Calendar and Movie Showtimes
Home - Set as Homepage - Add to Favorites - Contact Us
Discover Clarksville Montgomery County Tennessee
Discover Clarksville Montgomery County Tennessee Photo Gallery and Video Gallery
Detailed Weather Reports, Event Calendar and Movie Showtimes Friday - July 25, 2014  
Yellow Pages Business Listings


 
Information Articles for the Clarksville TN and Montgomery County Tennessee area

Articles

Information Articles for the Clarksville TN and Montgomery County Tennessee area

The Weekly Market Snapshot from Frazier Allen for the week of January 20th, 2013

By | January 20, 2013 | Email This Post Print This Post
 

Weekly Market Snapshot

Market Commentary by Scott J. Brown, Ph.D., Chief Economist

Scott J. Brown Ph.D., Chief Economist Raymond James Investment ServicesThe economic data were mixed, but generally consistent with moderate growth in the near term. Retail sales and industrial production were largely in line with expectations. Jobless claims sank and housing starts jumped, boosting the major stock market indices, although seasonal adjustment likely played a part. The Fed’s two major regional surveys disappointed, reflecting contractions in new orders and employment and some pickup in input price pressures.

Earnings reports were mixed, but investors seemed more concerned with the path ahead.

There will be three major hurdles in Washington over the next few weeks. 1) The drop dead date for the debt ceiling is expected between February 15th and March 1st. 2) Large spending cuts are set to begin on March 1st (but the sequester could be delayed again). 3) The Continuing Resolution that authorizes government spending expires on March 27th (most likely, we’ll simply see another CR, but there may be some noise and uncertainty).

Next week, the economic data calendar is relatively light. Home sales figures could be exaggerated by the seasonal adjustment. Annual benchmark revisions will be incorporated into the Index of Leading Economic Indicators, but the recent story is not expected to change much (and the drop jobless claims will make a significant positive contribution in the December calculation). Earnings should remain a factor for equities.

Indices

Last Last Week YTD return %
DJIA 13596.02 13471.22 3.75%
NASDAQ 3136.00 3121.76 3.86%
S&P 500 1480.94 1472.12 3.84%
MSCI EAFE 1655.22 1647.16 3.19%
Russell 2000 890.36 881.24 4.83%

Consumer Money Rates

Last 1-year ago
Prime Rate 3.25 3.25
Fed Funds 0.16 0.08
30-year mortgage 3.47 3.92

Currencies

Last 1-year ago
Dollars per British Pound 1.599 1.535
Dollars per Euro 1.336 1.273
Japanese Yen per Dollar 89.710 76.840
Canadian Dollars per Dollar 0.985 1.014
Mexican Peso per Dollar 12.567 13.459

Commodities

Last 1-year ago
Crude Oil 95.49 100.71
Gold 1694.45 1656.45

Bond Rates

Last 1-month ago
2-year treasury 0.25 0.30
10-year treasury 1.84 1.79
10-year municipal (TEY) 2.57 2.66

Treasury Yield Curve – 01/18/2013

Treasury Yield Curve – 01/18/2013

S&P Sector Performance (YTD) – 01/18/2013

S&P Sector Performance (YTD) – 01/18/2013

Economic Calendar

January 21dt

MLK, Jr. Holiday (markets closed)
January 22nd

Existing Home Sales (December)
January 24th

Jobless Claims (week ending January 19th)
Leading Economic Indicators (December)
January 25th

New Home Sales (December)
January 28th

Durable Goods Orders (December)
January 29th

Consumer Confidence (January)
January 30th

Real GDP (1Q13, advance estimate)
FOMC Policy Decision (no Bernanke press briefing)
February 1st

Employment Report (January)
February 3rd

Super Bowl XLVII
February 18th

Presidents Day Holiday (markets closed)
March 20th

FOMC Policy Decision, Bernanke Press Briefing

Important Disclosures

[320left]Past performance is not a guarantee of future results. There are special risks involved with global investing related to market and currency fluctuations, economic and political instability, and different financial accounting standards. The above material has been obtained from sources considered reliable, but we do not guarantee that it is accurate or complete. There is no assurance that any trends mentioned will continue in the future. While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, state or local taxes. In addition, certain municipal bonds (such as Build America Bonds) are issued without a federal tax exemption, which subjects the related interest income to federal income tax. Investing involves risk and investors may incur a profit or a loss.

US government bonds and treasury bills are guaranteed by the US government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. US government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the US government.

Commodities trading is generally considered speculative because of the significant potential for investment loss. Markets for commodities are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising. Specific sector investing can be subject to different and greater risks than more diversified investments.

Tax Equiv Muni yields (TEY) assume a 35% tax rate on triple-A rated, tax-exempt insured revenue bonds.

Material prepared by Raymond James for use by its financial advisors.

The information contained herein has been obtained from sources considered reliable, but we do not guarantee that the foregoing material is accurate or complete. Data source: Bloomberg, as of close of business January 17th, 2013.

©2013 Raymond James Financial Services, Inc. member FINRA / SIPC.

Be Sociable, Share!
 

About Frazier Allen

Comments

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.

 
|Home|Articles|Movie Showtimes|Photo Gallery|Theatres|Weather|Contact Us|
 
 
©2008 Discover Clarksville, Clarksville TN Web Design and Hosting by Compu-Net Enterprises.