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Information Articles for the Clarksville TN and Montgomery County Tennessee area

Articles

Information Articles for the Clarksville TN and Montgomery County Tennessee area

Clarksville Weekly Market Snapshot from Frazier Allen for the week of October 8th, 2013

October 8, 2013

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Due to a lapse in appropriations, the government entered a partial shutdown. Some 800,000 federal workers were furloughed and about two million others continued to work but without getting paid. The economic impact of the shutdown will depend on how long it lasts.

A few days would not be a big deal, but a prolonged shutdown would result in a larger disruption of worker income (and corresponding restraint in consumer spending). In addition, the uncertainty may lead businesses to delay new hiring or capital expenditures. During the 1995-96 government shutdown, about 20% of private contracts with the government were affected.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 29th, 2013

September 29, 2013

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Next week, the markets will be interested in the ISM Manufacturing Index, but the focus should be on the September Employment Report. Seasonal adjustment is an issue in September.

We can expect to add more than 1.4 million education jobs (public and private) before adjustment, with hundreds of thousands of seasonal job losses in other areas. So it seems a little silly to worry about the nearest 20,000 or so in the adjusted payroll figure. The unemployment rate is expected to hold steady (at 7.3%) or edge a bit lower

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 22nd, 2013

September 22, 2013

F&M Investment Services - Raymond JamesClarksville, TN – The Federal Open Market Committee did not reduce the pace of asset purchases. In its policy statement, the FOMC noted that the improvement in economy activity and labor market conditions since it began the asset purchase program a year ago was “consistent with growing underlying strength in the broader economy,” but “the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases.”

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 15th, 2013

September 15, 2013

F&M Investment Services - Raymond JamesClarksville, TN – With a thin economic calendar, Syria remained a key concern for the markets. However, prospects for a U.S. strike diminished, which helped bolster equity market sentiment. The bond market is looking ahead to the Fed policy meeting. In the bond market, expectations on tapering have solidified somewhat, with a moderate majority seeing a small initial reduction in the pace of asset purchases.

Retail sales for August disappointed (relative to expectations), but figures for June and July were revised a bit higher. Jobless claims were distorted due to upgrades in state computer systems, but the trend had been lower in August. Hiring intentions improved. Consumer sentiment softened.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 8th, 2013

September 8, 2013

F&M Investment Services - Raymond JamesClarksville, TN – The economic data were mixed, but mostly on the strong side of expectations. The ISM’s two monthly surveys surprised to the upside. Motor vehicle sales advanced

However, the August Employment Report disappointed. Nonfarm payrolls rose by 169,000 (vs. a median forecast of +180,000 and expectations of an upside surprise). Figures for June and July were revised a net 74,000 lower (July went from +162,000 to +104,000).

Manufacturing rose by 6,000. Construction was flat. Retail added 44,000. The unemployment rate fell to 7.3%, but that was due to lower labor force participation (the lowest since May 1978).

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 1st, 2013

September 1, 2013

F&M Investment Services - Raymond JamesClarksville, TN – The economic data were consistent with a slowing in the rate of overall growth in July.

The estimate of second quarter growth was revised higher (to a 2.5% annual rate, vs. +1.7% in the advance estimate), but that was almost entirely due to a smaller-than-expected trade deficit (the estimate of consumer spending growth was the same and the estimate of business fixed investment was only slightly different).

Personal income and spending figures showed a poor start for the consumer in 3Q13. Durable goods orders tanked in July, reflecting a drop in aircraft orders (which were strong in May and June). However, ex-transportation orders still disappointed.

Frazier Allen

Frazier Allen

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Budweiser Clydesdales coming to Fort Campbell Saturday

June 7, 2012

Budweiser of ClarksvilleClarksville, TN – Budweiser of Clarksville, and Budweiser of Hopkinsville, part of the Hand Family Companies, have arranged for the famous Budweiser Clydesdales to visit Fort Campbell Kentucky on Saturday, June 9th from noon-3:00pm at the Fort Campbell Exchange.

“The Clydesdales are the best-known symbol of the Budweiser brand and we are bringing them to Fort Campbell in support of Budweiser’s partnership with the Folds of Honor Foundation,” said JR Hand, President and Chief Operating Officer of Hand Family Companies.

Budweiser Clydesdales

Budweiser Clydesdales

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Sesame Street and USO Experience for Military Families USO tour

April 19, 2012

USOFort Campbell, KY – On April 14th and 15th, the Sesame Street and USO Experience for Military Families USO tour put on three free performances for Fort Campbell families active duty, Retirees, National Guard, reserves and Department of Defense Civilians. Over 1,800 people came out to watch the shows.

The 30 minute performance was a special event for the military community since it is specifically designed to educate children about coping with military deployments and homecomings.

Sesame Street/USO Experience for Military Families USO tour stopped at Fort Campbell April 14th and 15th

April 19, 2012

USOFort Campbell, KY – On April 14th and 15th, the Sesame Street and USO Experience for Military Families USO tour put on three free performances for Fort Campbell families active duty, Retirees, National Guard, reserves and Department of Defense Civilians. Over 1,800 people came out to watch the shows.

The 30 minute performance was a special event for the military community since it is specifically designed to educate children about coping with military deployments and homecomings.

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