{"id":20267,"date":"2015-04-19T12:00:32","date_gmt":"2015-04-19T17:00:32","guid":{"rendered":"http:\/\/www.discoverclarksville.com\/articles\/?p=20267"},"modified":"2015-04-19T04:47:33","modified_gmt":"2015-04-19T09:47:33","slug":"clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-april-19th-2015","status":"publish","type":"post","link":"https:\/\/www.discoverclarksville.com\/articles\/2015\/04\/19\/clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-april-19th-2015\/","title":{"rendered":"Clarksville Weekly Market Snapshot from Frazier Allen for the week of April 19th, 2015"},"content":{"rendered":"

\"F&MClarksville, TN<\/strong> – The economic data reports were mixed. Retail sales picked up in March, following a weak trend in the three previous months. Industrial production fell 0.6%, reflecting a plunge in oil and gas drilling and a decrease in the output of utilities (more normal temperatures).<\/p>\n

Manufacturing output edged up 0.1%, with mixed results across industries. Building permits and housing starts fell in March, largely reflecting the usual volatility in the multi-family sector. Single-family permits, the key figure in the report, rose 2.1% (up 4.1% y\/y).<\/p>\n

\"Frazier<\/a>

Frazier Allen<\/p><\/div>\n

The Consumer Price Index rose 0.2% (-0.1% y\/y), up 0.2% excluding food and energy (+1.8% y\/y). Real hourly earnings edged up 0.1%, versus -0.1% in February and +1.2% in January (+2.2% y\/y).<\/p>\n

The financial markets seemed to be searching for direction. In its revised World Economic Outlook, the IMF left its headline projection of global growth little changed from the January forecast. However, the outlook for U.S. growth was revised lower (from +3.6% to +3.1% in 2015), while the outlooks for the euro area and Japan were revised higher (reflecting the impact of a stronger dollar). Rumors of possible plans for a Greek exit from the euro led to increased market anxiety Friday.<\/p>\n

Next week, Greece is once again likely to be the focus of attention, as it reaches another critical juncture. We\u2019ve seen this several times before (the can gets kicked down the road), but those calling for a Grexit have become more vocal. The U.S. economic calendar is relatively thin, but figures on home sales and durable goods are often erratic and have the potential to surprise.<\/p>\n

Indices<\/h3>\n
\n\n\n\n\n\n\n\n\n
<\/td>\nLast<\/strong><\/td>\nLast Week<\/strong><\/td>\nYTD return %<\/strong><\/td>\n<\/tr>\n
DJIA<\/td>\n18105.77<\/td>\n17958.73<\/td>\n1.59%<\/td>\n<\/tr>\n
NASDAQ<\/td>\n5007.79<\/td>\n4974.57<\/td>\n5.74%<\/td>\n<\/tr>\n
S&P 500<\/td>\n2104.99<\/td>\n2091.18<\/td>\n2.24%<\/td>\n<\/tr>\n
MSCI EAFE<\/td>\n1912.32<\/td>\n1895.75<\/td>\n7.74%<\/td>\n<\/tr>\n
Russell 2000<\/td>\n1272.90<\/td>\n1259.11<\/td>\n5.66%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Consumer Money Rates<\/h3>\n\n\n\n\n\n\n
<\/td>\nLast<\/strong><\/td>\n1 year ago<\/strong><\/td>\n<\/tr>\n
Prime Rate<\/td>\n3.25<\/td>\n3.25<\/td>\n<\/tr>\n
Fed Funds<\/td>\n0.13<\/td>\n0.08<\/td>\n<\/tr>\n
30-year mortgage<\/td>\n3.65<\/td>\n4.27<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Currencies<\/h3>\n\n\n\n\n\n\n\n\n
<\/td>\nLast<\/strong><\/td>\n1 year ago<\/strong><\/td>\n<\/tr>\n
Dollars per British Pound<\/td>\n1.491<\/td>\n1.679<\/td>\n<\/tr>\n
Dollars per Euro<\/td>\n1.071<\/td>\n1.384<\/td>\n<\/tr>\n
Japanese Yen per Dollar<\/td>\n118.990<\/td>\n102.260<\/td>\n<\/tr>\n
Canadian Dollars per Dollar<\/td>\n1.227<\/td>\n1.100<\/td>\n<\/tr>\n
Mexican Peso per Dollar<\/td>\n15.227<\/td>\n13.059<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Commodities<\/h3>\n\n\n\n\n\n
<\/td>\nLast<\/strong><\/td>\n1 year ago<\/strong><\/td>\n<\/tr>\n
Crude Oil<\/td>\n56.71<\/td>\n103.76<\/td>\n<\/tr>\n
Gold<\/td>\n1208.06<\/td>\n1303.97<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Bond Rates<\/h3>\n\n\n\n\n\n\n
<\/td>\nLast<\/strong><\/td>\n1 month ago<\/strong><\/td>\n<\/tr>\n
2-year treasury<\/td>\n0.51<\/td>\n0.58<\/td>\n<\/tr>\n
10-year treasury<\/td>\n1.90<\/td>\n1.94<\/td>\n<\/tr>\n
10-year municipal (TEY)<\/td>\n3.04<\/td>\n3.36<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Treasury Yield Curve \u2013 04\/17\/2015<\/h3>\n

\"<\/a><\/p>\n

S&P Sector Performance (YTD) \u2013 04\/17\/2015<\/h3>\n

\"S&P<\/a><\/p>\n

Economic Calendar<\/h3>\n\n\n\n\n\n\n
April 22nd<\/strong><\/td>\n\u2014<\/td>\nExisting Home Sales (March)<\/td>\n<\/tr>\n
April 23rd<\/strong><\/td>\n\u2014<\/td>\nJobless Claims (week ending April 18)
\nNew Home Sales (March)<\/td>\n<\/tr>\n
April 24th<\/strong><\/td>\n\u2014<\/td>\nDurable Goods Orders (March)<\/td>\n<\/tr>\n
April 28th<\/strong><\/td>\n\u2014<\/td>\nConsumer Confidence (April)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Important Disclosures<\/h3>\n

[320left]Past performance is not a guarantee of future results. There are special risks involved with global investing related to market and currency fluctuations, economic and political instability, and different financial accounting standards. The above material has been obtained from sources considered reliable, but we do not guarantee that it is accurate or complete. There is no assurance that any trends mentioned will continue in the future. While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, state or local taxes. In addition, certain municipal bonds (such as Build America Bonds) are issued without a federal tax exemption, which subjects the related interest income to federal income tax. Investing involves risk and investors may incur a profit or a loss.<\/p>\n

US government bonds and treasury bills are guaranteed by the US government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. US government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the US government.<\/p>\n

Commodities trading is generally considered speculative because of the significant potential for investment loss. Markets for commodities are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising. Specific sector investing can be subject to different and greater risks than more diversified investments.<\/p>\n

Tax Equiv Muni yields (TEY) assume a 35% tax rate on triple-A rated, tax-exempt insured revenue bonds.<\/p>\n

\"\"<\/a>Material prepared by Raymond James for use by its financial advisors.<\/p>\n

The information contained herein has been obtained from sources considered reliable, but we do not guarantee that the foregoing material is accurate or complete. Data source: Bloomberg, as of close of business April 16th, 2015.<\/p>\n

\u00a92014 Raymond James Financial Services, Inc. member FINRA<\/a> \/ SIPC<\/a>.<\/h4>\n","protected":false},"excerpt":{"rendered":"

Clarksville, TN – The economic data reports were mixed. Retail sales picked up in March, following a weak trend in the three previous months. Industrial production fell 0.6%, reflecting a plunge in oil and gas drilling and a decrease in the output of utilities (more normal temperatures). Manufacturing output edged up 0.1%, with mixed results […]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[3],"tags":[9645,17795,512,825,4067,17894,17194,514,10712,17193,17892,25513,20163,17895,8106,17796,17893,17791,9791,3065,17789,17792,9790,9787,18321,8752,3068],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4xGYI-5gT","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/20267"}],"collection":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/comments?post=20267"}],"version-history":[{"count":1,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/20267\/revisions"}],"predecessor-version":[{"id":20268,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/20267\/revisions\/20268"}],"wp:attachment":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/media?parent=20267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/categories?post=20267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/tags?post=20267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}