Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 4th, 2013
August 4, 2013
Clarksville, TN – The Federal Open Market Committee left short-term interest rates unchanged, as expected, and did not alter its forward guidance (on short-term interest rates) or the monthly pace of asset purchases.
In the policy statement, the FOMC noted that growth had been “modest” in the first half of the year, that mortgage rates had risen “somewhat,” and that a persistent low trend in inflation could present some risks for the economy. All of which suggests that a tapering in the rate of asset purchases will be delayed. However, investors should still expect some tapering by the end of the year. [Read more]
Clarksville-Montgomery County to have Busy Tourism Weekend
August 2, 2013
img class=”alignleft size-full wp-image-167708″ title=”Clarksville Montgomery County Convention and visitors Bureau” alt=”Clarksville Montgomery County Convention and visitors Bureau” src=”http://www.clarksvilleonline.com/wp-content/uploads/2013/03/Clarksville-Montgomery-County-Convention-and-visitors-Bureau.jpg” width=”222″ height=”96″ />Clarksville, TN – This weekend, August 3rd-4th, Clarksville-Montgomery County will be host to two high-profile sporting events. The Bass Pro Shop’s Big Cat Quest and the 3V3 Live Soccer tournament.
The Clarksville-Montgomery County Convention and Visitors Bureau (CVB) and Ken Freeman Outdoor Promotions invite you to see all the cat-fishing action live at McGregor Park on August 3rd.
Bass Pro Shop’s Big Cat Quest at McGregor Park this Saturday.
Market Update from Frazier Allen, June 23rd, 2013
June 23, 2013
Clarksville, TN – Equities across the globe fell sharply after Federal Reserve Chairman Ben Bernanke implied that the central bank may start to wind down its asset purchases later this year if the economy continues to improve. The three major domestic indices took a hit, and the CBOE Volatility Index spiked to a new high this year.
The statement triggered a selloff on Wednesday and Thursday, as markets reacted to the prospect of higher interest rates. Many market observers already had forecast when this third round of quantitative easing would dial down, but the markets responded regardless. [Read more]
Fiscal cliff may derail Market momentum gathered in November
December 5, 2012
Clarksville, TN – Even though the market indexes showed little change in November, the end of 2012 looks promising as the U.S. economy rebounded despite a highly contentious election cycle and the devastating effects of Hurricane Sandy thanks to some encouraging numbers from key indicators.
The Dow Jones Industrial Average experienced a post-election trough and ended the month north of 13,000, but still flat compared to the end of October. The NASDAQ mirrored the DJIA, bottoming at 2,837 on November 15th to close at a near month-high at 3,010. Likewise, the S&P 500 rallied from a low of 1,353 for November to end the month at 1,416. [Read more]
Clarksville-Montgomery County Housing Market is amongst Nation’s Best
July 13, 2012
The National Association of Home Builders recently released an index of housing markets that are on the rise.
Washington, D.C. – The National Association of Home Builders (NAHB) recently unveiled an index that tracks housing markets on the mend, the NAHB/First American Improving Markets Index (IMI). The IMI is intended to draw attention to the fact that housing markets are local and that there are metropolitan areas where economic recovery is underway.
The index measures three readily available monthly data series that are independently collected and are indicative of improving economic health. The three are employment, house prices and single family housing permit growth.
Clarksville Housing Market continues to be strong.
Austin Peay University Students conduct important Research on the Bats at Dunbar Cave
July 3, 2012
Clarksville, TN – On a muggy evening in late June, several Austin Peay State University graduate and undergraduate students hiked up to the mouth of Dunbar Cave in the hopes of finding a few bats.
The group brought with them a large Harp trap, consisting of a metal frame inset with rows of thin fishing line, and three high-frequency microphones and computerized recording units. After setting up their equipment, they sat in the cool dark of the cave opening and waited.
APSU graduate student Veronica Mullen and former APSU graduate student Josh Schulte prepare for a night of monitoring bats at Dunbar Cave.
Congressman Phil Roe guest speaker at Austin Peay State University
March 31, 2012
Clarksville, TN – The Austin Peay State University Department of Political Science and the Pi Sigma Alpha political science honor society announce that Congressman Phil Roe will speak April 13th in the Morgan University Center Iris Room.
His discussion will begin at noon and focus on issues concerning higher education as well as social issues such as housing, poverty, employment and the economy. [Read more]
APSU Art Exhibit Examines World in Economic Turmoil
September 23, 2011
Clarksville, TN – As stories about the shaky economy continue to surface, arts communities across the country have braced for the worst amidst rumors of budget cuts and timid funders. The arts themselves are vulnerable when the economy is lean because they are at times seen as an expendable luxury.
For curator Ally Reeves the words, “Let them eat cake,” attributed to an oblivious Queen Marie Antoinette, spring to mind, though with an added twist. Art itself is often mistaken for superfluous “cake,” with street-level artists and their work providing a sort of elemental “bread” to the communities they inhabit. [Read more]
Investor Fears Spark U.S., World Market Selloffs
September 23, 2011
Clarksville, TN – A steady drip of weak economic performance figures from around the globe combined with a grim assessment of near-term U.S. economic prospects pushed investor confidence over the edge Thursday. Some Asian and European markets lost as much as 5% of their value. U.S. markets dropped similarly during the day, although losses diminished somewhat as trading drew to a close.
For the record, the Dow Jones Industrial Average fell 391.01 points or 3.51% to finish the day at 10,733.80, while the broader S&P 500 dropped 37.2 points or 3.19%, to close at 1,129.56. The Nasdaq declined 82.52 points or 3.52% and closed at 2,455.67. This followed significant losses in all the indices in the previous trading session. It was the fourth consecutive day of domestic market losses. [Read more]
Markets Tumble on Signs of Weakening Global, U.S. Economies
August 5, 2011
Clarksville, TN – Stocks fell sharply yesterday around the world, accelerating a widespread decline that began as the United States approached the August 2 deadline for averting default and then resumed with even more intensity after a brief rally when a debt/budget deal was reached in Washington.
On Thursday, the Dow Jones Industrial Average fell 512.76, or 4.31%, while the broader S&P 500 dropped 60.27, or 4.78%, and the tech-oriented Nasdaq declined 136.68, or 5.67%. [Read more]
