Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 15th, 2015
September 15, 2015
Clarksville, TN – The economic calendar was thin, leaving investors free to worry about slower global growth and Federal Reserve policy. The stock market was volatile, but not as much as in recent weeks.
The Bank of Canada and the Bank of England each left short-term interest rates unchanged. The BOC lowered rates in January and July, but showed no bias to cut rates further in the next few months. The BOE has been debating whether to start raising rates, but appears to have put such notions aside in the near term, reflecting concerns about the global economy.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 6th, 2015
September 6, 2015
Clarksville, TN – The economic data were mixed, but generally consistent with moderately strong growth. Unit auto sales improved in August. The ISM Manufacturing Index slowed. The Non-Manufacturing Index pulled back a bit after surging in July (still strong). The Fed’s Beige Book described growth as evenly split between “modest” and “moderate” across the 12 Fed districts.
The August employment report was mixed, but generally strong. Nonfarm payrolls rose by 173,000 (median forecast: +220,000), but with a net revision of +44,000 to June and July.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 30th, 2015
August 30, 2015
Clarksville, TN – A sharp drop in China’s stock market rattled investors’ nerves around the world. The Dow Jones Industrial Average fell by more than 1,000 points at the open on Monday, regrouped, and then fell again, leaving the benchmark index down 588.
Volatility continued throughout the week, but investors were encouraged by China’s efforts to shore up its stock market and support economic growth. Oil prices fell further, but picked up by the end of the week. The market volatility has left investors struggling to figure out where share prices should be. Volatility is expected to decrease in coming days, but may continue for a while.
Frazier Allen
Austin Peay Department of Art and Design kicks off Visiting Artist Lecture Series with Linda Lopez
August 27, 2015
Clarksville, TN – To kick off this season’s Visiting Artist Lecture Series, the Austin Peay State University Department of Art and Design is bringing in renowned artist Linda Lopez.
Lopez will be discussing her work as a sculptural ceramicist at 7:00pm, Thursday, September 3rd, in the Trahern Building.
Linda Lopez
APSU nursing program ranked among best in nation
August 26, 2015
Clarksville, TN – Austin Peay State University’s School of Nursing is one of the top nursing programs in the eastern United States, according to a recent survey by the website www.NurseJournal.org
APSU was ranked No. 32 in the journal’s inaugural list, beating out prestigious nursing programs at places such as Yale University, Johns Hopkins University, the University of Pennsylvania and the University of North Carolina.
APSU School of Nursing ranked no. 32 nationally.
APSU students present Veterans Treatment Court with unique Goldsmith Press creation
August 16, 2015
Clarksville, TN – “I know I have a long ways to go and a lot to learn, but the help is definitely here.”
When the United States and its allies need help, our soldiers answer the call. But when those same men and women need a hand, programs like the Montgomery County Veterans Treatment Court (VTC) exist to make sure they are not alone.
Established in 2012, the court aims to help veterans who come to the criminal justice system as a result of drug addictions, homelessness and other situations brought on by wartime stress.
Cindy Marsh and APSU students presented an unique Goldsmith Press creation to the Montgomery County Veterans Treatment Court
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 16th, 2015
August 16, 2015
Clarksville, TN – China’s leadership wants the yuan to become an important reserve currency, but that means that the country would have to let the currency float freely and be set by market forces. The People’s Bank of China, the country’s central bank, decided to alter its exchange rate regime.
The currency is allowed to trade in a 2% band around a level announced before the markets open. The PBOC said that this base level would simply be set at the previous session’s close (rather than taken out of the air).
Frazier Allen
APSU professor Thompson researching history of World War II POWs in Tennessee
August 12, 2015
Clarksville, TN – As thousands of American men traveled overseas to fight for the Allied forces during World War II, a surprising number of captured Axis prisoners of war (POWs) were making the opposite intercontinental journey.
A total of 425,000 Axis (Germany, Italy and Japan) POWs were held all across the United States in nearly every state. This marked the first time since the Civil War that large numbers of POWs were held on American soil.
APSU professor Dr. Antonio Thompson
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 9th, 2015
August 9, 2015
Clarksville, TN – The economic data were mixed, but generally consistent with moderately strong growth. The ISM surveys went in opposite directions – the manufacturing index was softer than anticipated, while the non-manufacturing index exceeded expectations. Unit auto sales rebounded. The July Employment Report was about as expected.
Nonfarm payrolls rose by 215,000, with a net upward revision to May and June of +14,000. That put the three-month average at 235,000 (a 2.82 million annual rate). The unemployment rate held steady at 5.3%.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 2nd, 2015
August 2, 2015
Clarksville, TN – The week began with an 8.5% drop in the Shanghai Composite Index, which sent markets down worldwide (but the Chinese market appeared to stabilize later). The Fed made only slight alterations to the wording of the monetary policy statement, and did not provide a strong signal that a September move is coming.
Real GDP rose at a 2.3% annual rate in the advance estimate for 2Q15, a bit shy of expectations, but the first quarter was revised to +0.6% (from -0.2%). Annual benchmark revisions showed a somewhat slower rate of growth in the past few years (mostly in 2013), which implies that the output gap (the difference between GDP and potential GDP) is higher than it was thought to be earlier (an important consideration for the Fed).
Frazier Allen
