{"id":20578,"date":"2015-05-31T12:00:49","date_gmt":"2015-05-31T17:00:49","guid":{"rendered":"http:\/\/www.discoverclarksville.com\/articles\/?p=20578"},"modified":"2015-05-31T03:33:12","modified_gmt":"2015-05-31T08:33:12","slug":"clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-may-31st-2015","status":"publish","type":"post","link":"https:\/\/www.discoverclarksville.com\/articles\/2015\/05\/31\/clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-may-31st-2015\/","title":{"rendered":"Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 31st, 2015"},"content":{"rendered":"

\"F&MClarksville, TN<\/strong> – The economic data reports remained mixed. Real GDP fell at a 0.7% annual rate in the second estimate for 1Q15 (vs. +0.2% in the advance estimate). The revision largely reflected slower inventory growth and a wider trade deficit. Consumer spending rose at a 1.8% pace (vs. +1.9%), while business fixed investment fell 2.8% (vs. -3.8%).<\/p>\n

There is currently a debate about whether the seasonal pattern in a number of GDP components may have changed post-recession. Unfortunately, we really don’t have enough data to say for sure.<\/p>\n

\"Frazier<\/a>

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

One way around this is to look at year-over-year changes. GDP rose 2.7% y\/y, with Domestic Final Sales at 2.9%. Corporate profits fell in the preliminary estimate, no surprise.<\/p>\n

Durable goods orders fell 0.5% in April, reflecting only a partial retreat in aircraft orders (which had surged in March). More importantly, core capital goods orders rose 1.0%, following a 1.5% gain in March (they plunged 5.1% in February).<\/p>\n

The Chicago Purchasing Managers’ Index unexpectedly fell below the breakeven level in May, with new orders, backlogs, production and employment all contracting.<\/p>\n

Except for the Chicago PMI, financial market participants largely ignored the economic data, seemingly anxious about developments in the rest of the world.<\/p>\n

Next week, we’ll receive some fresh economic data (ISM surveys, motor vehicle sales, the Fed Beige Book), but the focus is likely to be on Friday’s job market figures. The end of the school year often presents some difficulties for the seasonal adjustment (we can expect to add about a million jobs before adjustment).<\/p>\n

The unemployment rate should hold steady. The employment\/population ratio is trending gradually higher, but still suggests an ample amount of slack in the job market.<\/p>\n

\n

Indices<\/h3>\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>\n18126.12<\/td>\n18285.74<\/td>\n1.70%<\/td>\n<\/tr>\n
NASDAQ<\/td>\n5097.98<\/td>\n5090.79<\/td>\n7.64%<\/td>\n<\/tr>\n
S&P 500<\/td>\n2120.79<\/td>\n2130.82<\/td>\n3.01%<\/td>\n<\/tr>\n
MSCI EAFE<\/td>\n1913.47<\/td>\n1948.41<\/td>\n7.81%<\/td>\n<\/tr>\n
Russell 2000<\/td>\n1253.10<\/td>\n1256.74<\/td>\n4.02%<\/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>\n0.06<\/td>\n0.07<\/td>\n<\/tr>\n
30-year mortgage<\/td>\n3.96<\/td>\n4.12<\/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>\n1.532<\/td>\n1.671<\/td>\n<\/tr>\n
Dollars per Euro<\/td>\n1.095<\/td>\n1.359<\/td>\n<\/tr>\n
Japanese Yen per Dollar<\/td>\n123.950<\/td>\n101.850<\/td>\n<\/tr>\n
Canadian Dollars per Dollar<\/td>\n1.244<\/td>\n1.088<\/td>\n<\/tr>\n
Mexican Peso per Dollar<\/td>\n15.315<\/td>\n12.874<\/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>\n57.68<\/td>\n102.72<\/td>\n<\/tr>\n
Gold<\/td>\n1188.40<\/td>\n1258.14<\/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>\n0.61<\/td>\n0.54<\/td>\n<\/tr>\n
10-year treasury<\/td>\n2.11<\/td>\n1.90<\/td>\n<\/tr>\n
10-year municipal (TEY)<\/td>\n3.56<\/td>\n3.20<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Treasury Yield Curve \u2013 05\/29\/2015<\/h3>\n

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

S&P Sector Performance (YTD) \u2013 05\/29\/2015<\/h3>\n

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

 <\/p>\n

Economic Calendar<\/h3>\n\n\n\n\n\n\n\n\n\n
May 29th <\/strong><\/td>\n\u2014<\/td>\nReal GDP (1Q15, 2nd estimate)
\nChicago Purchasing Managers Index (May)
\nConsumer Sentiment (May)<\/td>\n<\/tr>\n
June 1st<\/strong><\/td>\n\u2014<\/td>\nPersonal Income and Spending (April)
\nISM Manufacturing Index (May)<\/td>\n<\/tr>\n
June 2nd<\/strong><\/td>\n\u2014<\/td>\nMotor Vehicle Sales (May)<\/td>\n<\/tr>\n
June 3rd<\/strong><\/td>\n\u2014<\/td>\nADP Payroll Estimate (May)
\nTrade Balance (April)
\nISM Non-Manufacturing Index (May)
\nFed Beige Book<\/td>\n<\/tr>\n
June 4th<\/strong><\/td>\n\u2014<\/td>\nJobless Claims (week ending May 30)<\/td>\n<\/tr>\n
June 5th<\/strong><\/td>\n\u2014<\/td>\nEmployment Report (May)<\/td>\n<\/tr>\n
June 11<\/strong><\/td>\n\u2014<\/td>\nRetail Sales (May)<\/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 May 21st, 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 remained mixed. Real GDP fell at a 0.7% annual rate in the second estimate for 1Q15 (vs. +0.2% in the advance estimate). The revision largely reflected slower inventory growth and a wider trade deficit. Consumer spending rose at a 1.8% pace (vs. +1.9%), while business fixed investment fell […]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3],"tags":[9645,17795,512,825,17894,17194,10712,9793,17193,20163,17895,17788,17796,17893,17791,9791,3065,17792,9790,9787,18321,25861,19405,8752,3068],"class_list":["post-20578","post","type-post","status-publish","format-standard","hentry","category-business","tag-bonds","tag-british-pound","tag-clarksville","tag-clarksville-tn","tag-crude-oil","tag-djia","tag-euro","tag-europe","tag-fm-investment-services","tag-gdp","tag-gold","tag-interest-rates","tag-japanese-yen","tag-mexican-peso","tag-msci-eafe","tag-nasdaq","tag-raymond-james-investment-services","tag-russell-2000","tag-sp-500","tag-stocks","tag-u-s-stock-market","tag-u-s-treasury","tag-unemployment-rate","tag-united-states","tag-weekly-market-snapshot"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4xGYI-5lU","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/20578","targetHints":{"allow":["GET"]}}],"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=20578"}],"version-history":[{"count":1,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/20578\/revisions"}],"predecessor-version":[{"id":20579,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/20578\/revisions\/20579"}],"wp:attachment":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/media?parent=20578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/categories?post=20578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/tags?post=20578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}