{"id":21907,"date":"2016-01-27T16:00:49","date_gmt":"2016-01-27T22:00:49","guid":{"rendered":"http:\/\/www.discoverclarksville.com\/articles\/?p=21907"},"modified":"2016-01-27T14:54:19","modified_gmt":"2016-01-27T20:54:19","slug":"clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-january-27th-2016","status":"publish","type":"post","link":"https:\/\/www.discoverclarksville.com\/articles\/2016\/01\/27\/clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-january-27th-2016\/","title":{"rendered":"Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 27th, 2016"},"content":{"rendered":"

\"F&MClarksville, TN<\/strong> – Global worries continued, but the U.S. stock market rebounded somewhat after a sharp slide on Wednesday, lending hope to the view that the worst is behind us. Oil prices also improved, but it\u2019s not clear whether the global outlook was helped by higher oil prices or the other way around.<\/p>\n

Yields on long-term Treasuries fell on the flight to safety, but that was partly unwound as global worries eased at the end of the week. Investors also took encouragement from European Central Bank President Draghi\u2019s comments that the ECB will review and reconsider its policy outlook in March.<\/p>\n

\"Frazier<\/a>

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

The economic data remained consistent with moderate economic growth in the near term. Residential construction activity was mixed in December (with further improvement in single-family permits).<\/p>\n

The Index of Leading Economic Indicators fell 0.2% in December, but it had risen 0.5% in both October and November.<\/p>\n

Next week, hopefully global worries will continue to get pushed to the back burner, leaving investors to focus on the U.S. domestic economy. The Conference Board\u2019s Consumer Confidence Index has a more direct measure of labor market perceptions and tends to be less influenced by stock prices.<\/p>\n

The Fed policy meeting is expected to be a non-event – no change in rates is expected and there will be no Yellen press conference. Nevertheless, investors will study the wording of the policy statement closely for any clues about the future pace of policy moves.<\/p>\n

Growth is expected to have slowed in the initial estimate of 4Q15 GDP, with significant restraints from foreign trade and slower inventory growth. Domestic demand is expected to slow but remain at a moderate pace. The Employment Cost Index is likely to be overshadowed by the GDP report, but it is an import gauge of labor cost pressures (something that interests Fed policymakers).<\/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>\n15882.68<\/td>\n16379.05<\/td>\n-8.85%<\/td>\n<\/tr>\n
NASDAQ<\/td>\n4472.06<\/td>\n4615.00<\/td>\n-10.69%<\/td>\n<\/tr>\n
S&P 500<\/td>\n1868.81<\/td>\n1921.84<\/td>\n-8.56%<\/td>\n<\/tr>\n
MSCI EAFE<\/td>\n1518.551<\/td>\n1583.71<\/td>\n-11.52%<\/td>\n<\/tr>\n
Russell 2000<\/td>\n997.342<\/td>\n1025.67<\/td>\n-12.20%<\/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>\n3.50<\/td>\n3.50<\/td>\n<\/tr>\n
Fed Funds<\/td>\n0.36<\/td>\n0.35<\/td>\n<\/tr>\n
30-year mortgage<\/td>\n3.93<\/td>\n3.84<\/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>\n1.433<\/td>\n1.501<\/td>\n<\/tr>\n
Dollars per Euro<\/td>\n1.082<\/td>\n1.137<\/td>\n<\/tr>\n
Japanese Yen per Dollar<\/td>\n118.170<\/td>\n118.490<\/td>\n<\/tr>\n
Canadian Dollars per Dollar<\/td>\n1.416<\/td>\n1.242<\/td>\n<\/tr>\n
Mexican Peso per Dollar<\/td>\n18.432<\/td>\n14.657<\/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>\n29.74<\/td>\n45.59<\/td>\n<\/tr>\n
Gold<\/td>\n1099.90<\/td>\n1293.60<\/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>\n0.86<\/td>\n1.01<\/td>\n<\/tr>\n
10-year treasury<\/td>\n2.07<\/td>\n2.27<\/td>\n<\/tr>\n
10-year municipal (TEY)<\/td>\n4.22<\/td>\n3.10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Treasury Yield Curve \u2013 01\/22\/2016<\/h3>\n

As of close of business 01\/21\/2016<\/p>\n

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

Economic Calendar<\/h3>\n\n\n\n\n\n\n\n
Jan 26<\/strong><\/td>\n\u2014<\/td>\nConsumer Confidence (January)<\/td>\n<\/tr>\n
Jan 27<\/strong><\/td>\n\u2014<\/td>\nNew Home Sales (December)
\nFOMC Policy Decision (no press conference)<\/td>\n<\/tr>\n
Jan 28<\/strong><\/td>\n\u2014<\/td>\nJobless Claims (week ending January 23)
\nDurable Goods Orders (December)
\nPending Home Sales Index (December)<\/td>\n<\/tr>\n
Jan 29<\/strong><\/td>\n\u2014<\/td>\nReal GDP (4Q15, advance estimate)
\nEmployment Cost Index (4Q15)
\nChicago Purchasing Managers Index (January)<\/td>\n<\/tr>\n
Feb 1<\/strong><\/td>\n\u2014<\/td>\nISM Manufacturing Index (January)<\/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 January 21st, 2016.<\/p>\n

\u00a92016 Raymond James Financial Services, Inc. member FINRA<\/a> \/ SIPC<\/a>.<\/h4>\n","protected":false},"excerpt":{"rendered":"

Clarksville, TN – Global worries continued, but the U.S. stock market rebounded somewhat after a sharp slide on Wednesday, lending hope to the view that the worst is behind us. Oil prices also improved, but it\u2019s not clear whether the global outlook was helped by higher oil prices or the other way around. Yields on […]<\/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":[9645,17795,3672,512,825,17194,9789,27456,10712,24754,17193,17892,20168,7590,20163,17895,21335,17796,17893,17791,9791,23177,3065,17792,9790,9788,9787,18321,9638,25861,8752,3068,26482],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4xGYI-5Hl","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/21907"}],"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=21907"}],"version-history":[{"count":1,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/21907\/revisions"}],"predecessor-version":[{"id":21908,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/21907\/revisions\/21908"}],"wp:attachment":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/media?parent=21907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/categories?post=21907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/tags?post=21907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}