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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 June 29th, 2015

June 29, 2015

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The week began with a renewed sense of optimism that a Greek debt deal would be worked out. Sentiment then faded after negotiations with Greece’s creditors broke down, but then hopes continued that a deal would be reached over the weekend.

The economic data were mixed. Home sales figures improved in May. Durable goods orders were disappointing. The estimate of 1Q15 GDP was revised to show a -0.2% annual rate (vs. -0.7% in the second estimate), up 3.0% from a year ago. Note that the estimate of Gross Domestic Income rose at a 1.9% annual rate (+3.7% y/y).

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 22nd, 2015

June 22, 2015

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – In its monetary policy statement, the Federal Open Market Committee recognized that “economic activity has been expanding moderately after having changed little during the first quarter.” Labor market slack has “diminished somewhat.” Growth in consumer spending has been “moderate,” while the housing sector “has shown some improvement.”

In the revised Summary of Economic Projections, Fed officials lowered their forecasts of 2015 GDP growth, but raised slightly their expectations for growth in 2016 and 2017.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 14th, 2015

June 14, 2015

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Economists began the week wondering why consumers hadn’t spent the windfall from lower gasoline prices. By the end of the week, we had a partial answer. Retail sales rose strongly in May, as expected. More importantly, we had upward revisions to the data for March and April.

The Bureau of Census also released its quarterly survey of services. These two reports paint a brighter consumer spending outlook and imply an upward revision to the estimate of 1Q15 GDP growth (the second estimate showed a -0.7% annual rate, but should be revised to show a much more modest decline or perhaps a slight increase).

Frazier Allen

Frazier Allen

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Cuban Artist Mayda Saborit to show Cuban Heart at Clarksville Montgomery County Public Library

June 13, 2015

Clarksville-Montgomery County Public LibraryClarksville, TN – The Clarksville-Montgomery County Public Library will be featuring Cuban artist Mayda Saborit’s paintings in the alcove gallery at the rear of the first floor with an opening on Friday, June 19th.

Saborit’s painterly and colorful oils capture the feel of Cuba from street life to beautiful landscapes.

Clarksville-Montgomery County Library

Clarksville-Montgomery County Library

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 10th, 2015

June 10, 2015

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The economic data reports were mixed, but nonfarm payrolls rose more than expected (+280,000) in the initial estimate for May. Seasonal adjustment issues may have been a factor (as education job losses were a lot smaller than usual).

The unemployment rate edged up to 5.5%, but that partly reflected increased labor force participation for teenagers and young adults (also consistent with seasonal adjustment problems).

Mining, which includes energy exploration, fell by 17,200, down 68,400 since December.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 31st, 2015

May 31, 2015

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The economic data reports remained mixed. Real GDP fell at a 0.7% annual rate in the second estimate for 1Q15 (vs. +0.2% in the advance estimate). The revision largely reflected slower inventory growth and a wider trade deficit. Consumer spending rose at a 1.8% pace (vs. +1.9%), while business fixed investment fell 2.8% (vs. -3.8%).

There is currently a debate about whether the seasonal pattern in a number of GDP components may have changed post-recession. Unfortunately, we really don’t have enough data to say for sure.

Frazier Allen

Frazier Allen

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Clarksville-Montgomery County Memorial Day Service honors those who died serving our Country

May 26, 2015

Montgomery County Veterans Service OrganizationClarksville, TN – On Monday, May 25th, the Montgomery County Veterans Service Organization held its annual Memorial Day Ceremony. Due to rain, the ceremony was held in the William O. Beach Civic Hall, Veterans Plaza in Clarksville Tennessee.

The ceremony was opened by Frank Mir, the Director of the Montgomery County Veterans Service Organization. Mir welcomed the dignitaries and attendees to the Memorial ceremony. The colors were posted by the 101st Airborne Division Honor Guard, and Stella McKnight sang the National Anthem.

Purple Heart recipients at the 2015 Clarksville-Montgomery County Memorial Day Service

Purple Heart recipients at the 2015 Clarksville-Montgomery County Memorial Day Service

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 24th, 2015

May 24, 2015

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The economic data reports were mixed. Homebuilder sentiment declined in May, but residential homebuilding was stronger than expected in April.

Some of that reflects a rebound from bad weather, but it’s also a consequence of the high level of volatility in the multifamily sector (single-family permits were higher, but not exactly booming). Consumer price inflation remained negative on a year-over-year basis (-0.2%), but core inflation rose slightly more than anticipated.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 17th, 2015

May 17, 2015

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The mid-month economic data disappointed. Retail sales were weaker than anticipated in April. Industrial production fell short of expectations. Consumer sentiment slid in the mid-May assessment.

However, weekly claims for unemployment benefits remained remarkably low. The reports on import prices and producer prices continued to show disinflationary pressures.

Real GDP for the euro area rose 0.4% q/q (a 1.7% annual rate) in the flash estimate for the first quarter. Bond yields in Europe moved higher, but seemed to meet some resistance.

Frazier Allen

Frazier Allen

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Clarksville Civil War Roundtable’s next meeting is May 20th, 2015

May 14, 2015

Our 134th meeting.

Clarksville Civil War RoundtableClarksville, TN – The next meeting of the Clarksville (TN) Civil War Roundtable will be on Wednesday, May 20th, 2015 at the Bone & Joint Center, 980 Professional Park Drive, right across the street from Gateway Medical Center. This is just off Dunlop Lane and Holiday Drive and only a few minutes east of Governor’s Square mall.

The meeting begins at 7:00pm and is always open to the public. Members please bring a friend or two – new recruits are always welcomed.

Topic: “The Confederate States Marine Corps”

“The Confederate States Marine Corps” is the topic for the next Clarksville Civil War Roundtable meeting.

“The Confederate States Marine Corps” is the topic for the next Clarksville Civil War Roundtable meeting.

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