Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 26th, 2014
January 26, 2014
Clarksville, TN – With a thin economic calendar, U.S. investors typically focus on other things. Sometimes, that’s earnings reports (which have been generally good). Other times, it’s overseas developments.
While the economic situation seems to be improving in the United Kingdom and in Europe, the rest of the world is looking a bit shakier. There have been a number of concerns about individual countries in recent weeks (China, Turkey, Argentina, and so on), but these concerns appear to have now gelled into anxieties about emerging economies in general, which has weighed against U.S. stock market sentiment.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 19th, 2014
January 19, 2014
Clarksville, TN – There were few surprises in the economic data reports. Retail sales, industrial production, and the Consumer Price Index were all relatively close to expectations. Retail sales slowed in December, reflecting a pullback in unit auto sales, up moderately otherwise (weakness in department store sales were offset by stronger e-tail activity).
Industrial production rose 0.3%, held back by a drop in the output of utilities, but factory output accelerated in 4Q13, following a soft trend in the first three quarters of 2013 (consistent with improving trends in factory payrolls and new orders). Residential construction figures disappointed, but it’s hard to get too worked up about December data (which can be exaggerated due to the weather and seasonal adjustment).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 13th, 2014
January 13, 2014
Clarksville, TN – The December Employment Report was a mixed bag. Nonfarm payrolls rose a disappointing 74,000 (median forecast: +195,000, although market participants were anticipating an upside surprise following a stronger-than-expected ADP estimate).
The November payroll figure was revised to +241,000 (from +203,000). Manufacturing rose by 9,000. Construction fell by 16,000, with weakness concentrated in nonresidential and in heavy construction and civil engineering (residential rose 6,200).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 5th, 2014
January 5, 2014
Clarksville, TN – The economic data reports of recent weeks contained a few surprises. Consumer spending growth in 3Q13 was stronger than previously estimated, while monthly figures showed acceleration in spending growth in the first two months of 4Q13 (although this is somewhat inconsistent with the pace of income growth).
Right now, inflation-adjusted consumer spending (70% of Gross Domestic Product) appears to be on track for about a 4% annual rate in 4Q13 – impressive, although the current figures may be revised. Durable goods orders rose more than expected in November, with the details suggesting that capital spending plans were delayed due to the government shutdown.
Frazier Allen
Clarksville’s Riverfest Festival continues Today
September 8, 2012
Clarksville, TN – The 2012 Riverfest Festival continues Saturday. The free festival held on the banks of the Cumberland River at McGregor Park celebrates Clarksville’s river heritage.
Come out and join the City of Clarksville, Budweiser, and Agero as they celebrate the 25th annual Riverfest Celebration, September 7th and 8th, 2012. This Free, two day music and arts festival features four stages of a variety of local, regional and nationally-known entertainers, delicious food, and fun for the entire family. [Read more]
Riverfest kicks off this afternoon and continues Saturday
September 7, 2012
Clarksville, TN – The 2012 Riverfest Festival kicks off this afternoon. The free festival held on the banks of the Cumberland River at McGregor Park celebrates Clarksville’s river heritage.
Come out and join the City of Clarksville, Budweiser, and Agero as they celebrate the 25th annual Riverfest Celebration, September 7th and 8th, 2012. This Free, two day music and arts festival features four stages of a variety of local, regional and nationally-known entertainers, delicious food, and fun for the entire family.
Kip Moore is the headliner Saturday night at Riverfest.
