Weekly Market Snapshot from Frazier Allen for the week of February 10th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Federal Reserve Governor Jeremy Stein fell short of declaring that credit markets are overheating, but suggested that an extended period of low interest rates could lead to the taking on of greater duration of credit risks, or to employment of greater leverage in a “reach for yield.” He said that the Fed must monitor the financial markets closely and could address signs of excessive risk-taking through regulatory efforts or through monetary policy.
Next week, President Barack Obama will deliver his State of the Union Address on Tuesday evening (which is also Mardi Gras). Most likely, the President will ask that Congress postpone the sequester through the end of the year. Note that it’s not costless to do so – there has to be an offsetting increase in revenues (possibly closed loopholes) or reduction in other types of spending (say, reduced farm subsidies). The reports on retail sales and industrial production have some market-moving potential, but seasonal adjustment could exaggerate what would otherwise be minor shifts in the data. [Read more]
Scott Dunaway joins Clarksville Chiropractic Center
Clarksville, TN – Clarksville Chiropractic Center located at 1636 Madison Street announces the addition of a new chiropractor.
Dr. Scott D. Dunaway is now available to see patients, effective February 4th. Dunaway graduated cum laude from the Logan College of Chiropractic in December 2012. His bachelor’s degree comes from Southeast Missouri State University in Cape Girardeau.
“My education has equipped me with techniques to treat all different body types from infants to the elderly,” he said.
Dr. Scott Dunaway has joined Clarksville Chiropractic Center as a new chiropractor.
B.A. Wolfe Powersports moving to new location
Clarksville, TN – B.A Wolfe Powersports announces it is moving to a new, more convenient location for the “best customers in the world,” according to a press release.
Clarksville’s leader in pre-owned sportbikes, cruisers and ATV’s, B.A Wolfe will now be at 2135 Lowes Drive, next to Furniture 123. Locally owned by Byron and Kris Wolfe, B.A. Wolfe Powersports will continue to offer the most excitement on the road, with their tremendous selection of two and four wheeled transportation. [Read more]
Weekly Market Snapshot from Frazier Allen for the week of February 3rd, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
With so many economic reports, some surprises were likely. Real GDP fell at a 0.1% annual rate in the advance estimate for 4Q12, smacked down by slower inventory growth and a 22.2% drop in defense spending (otherwise, GDP would have risen 2.5%). Consumer spending rose at a 2.2% pace in 4Q12, while business fixed investment advanced 8.4%. Residential construction added 0.4 percentage points to GDP. Exports fell.
Consumer Confidence tanked in January, while the Consumer Sentiment Index improved. The ISM Manufacturing Index was stronger than anticipated. Personal income jumped 2.6%, reflecting a 34.3% spike in dividend income and earlier bonus payments. Spending rose 0.2%. The PCE Price Index was flat overall (+1.3%) and ex-food and energy (+1.4% y/y) – trending well below the Fed’s 2% goal. [Read more]
Weekly Market Snapshot from Frazier Allen for the week of January 30th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The House voted to delay the need for a debt ceiling increase by three months, to May 19. Congress has not had a real budget since 2009, funding the government through a series of stopgap measures (Continuing Resolutions). This week, Congress set a goal to have a real budget by April 15th, or lawmakers won’t get paid. Actually, they’ll still get paid eventually.
Oh, and the House and Senate only have to come up with a budget that can be approved by one chamber. They don’t have to have a set of budget bills that can be approved by both chambers (that is, something that could be sent to the president and signed into law). Spending cuts are still slated to kick in on March 1st, with about half of that in defense. [Read more]
Riverview Inn sponsors Valentine’s event
Clarksville, TN – Clarksville’s Riverview Inn is hosting a “sweetheart” of a deal for you and your favorite Valentine. If you’re looking for something special, for that “special someone”, then join the “sweethearts” at the Riverview Inn. [Read more]
First Advantage Bank releases new Mobile Banking App
Latest Innovation Offers Control, Convenience to Tech-Savvy Customers
Clarksville, TN – First Advantage Bank continues to expand its offerings with a new, innovative suite of financial products and services for smartphone users.
The multifunctional FAB Mobile Banking suite is now available for free to anyone with a First Advantage Bank account. The suite offers three ways for users to access accounts including a Mobile Banking App, Mobile Texting, and Mobile Web Browser. [Read more]
Dr. Dale Brown to host Maximized Living Make-Over event
Clarksville, TN – Maximized Living along with Marathon Chiropractic is hosting “Resolve: The New Year’s Weight Loss Challenge”. This life-changing event will be held February 2nd, 2013, at Xtreme Ministries, Fort Campbell Boulevard.
This event will share the latest research behind healthful weight loss, so people can establish—and maintain—a proper weight. The event offers a 30-day weight loss challenge, but it is not about body image, rather, its goal is to re-establish the proper function of the human body. [Read more]
Lasaters Coffee and Tea expands to Cleveland Tennessee
Clarksville, TN – Clarksville’s only locally owned franchise, Lasaters Coffee and Tea, has announced the opening of it’s Cleveland Tennessee store.
This new franchise is owned by HAZ LLC and operated by Zack and Heather Gates. Zack Gates is a retired military veteran who has served in Afghanistan and was stationed at Fort Campbell, Kentucky prior to his retirement. He served at Fort Bragg D. Company 2-505 Parachute Infantry Regiment 82nd Airborne, and, Fort Campbell 101st Airborne Division 159th Aviation Brigade Pathfinder Company with a rank of Staff Sergeant.
Lasaters Coffee and Tea Cleveland Tennessee to open January 24th.
The Weekly Market Snapshot from Frazier Allen for the week of January 20th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The 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. [Read more]
