Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 10th, 2016
July 10, 2016
Clarksville, TN – The economic data were mostly on the strong side of expectations. Nonfarm payrolls surprised sharply to the upside in June (+287,000), but that followed a very soft payroll figure for May (revised to +11,000).
The disappointing May number is now seen as an anomaly, but then so was the June figure. Large month-to-month swings in payrolls are unusual, but they do happen occasionally.
The three-month average payroll gain was +147,000, slower than in 1Q16 (+196,000) and 2015 (+221,000).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 6th, 2016
July 6, 2016
Clarksville, TN – Despite there being no plan for Brexit and expectations of a lengthy and uncertain process of disentanglement from the European Union, stock market fear subsided.
The impact on the U.S. economy of a weaker U.K. is expected to be small, and in some ways may even be positive (lower mortgage rates and greater capital flows to the U.S.). Long-term interest rates remain low.
Bank of England Governor Carney helped things along by suggesting that a rate cut would likely be warranted this summer (the BoE’s Monetary Policy Committee will meet on July 14th).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 3rd, 2016
July 3, 2016
Clarksville, TN – U.S. financial markets spent most of the week pricing in a greater likelihood that the United Kingdom would vote to remain in the European Union.
Oops. The surprise “leave” victory in the U.K. referendum sent markets reeling. Global stock markets fell sharply. The pound plunged (to a 30-year low). Bond yields sank, reflecting a flight to safety.
Still, this wasn’t a Lehman-type event. Market participants were simply caught leaning the wrong way. Prime Minister Cameron resigned, effective October, leaving his predecessor a lengthy negotiation with the EU on exit terms.
Frazier Allen
Tennessee Bureau of Investigation indicts Former Benton County Animal Control Officer on Theft and Misconduct Charges
June 17, 2015
Jackson, TN – A joint investigation by Special Agents with the Tennessee Bureau of Investigation and investigators with the State Comptroller’s Office has resulted in a former Benton County animal control officer being indicted on charges of theft and misconduct.
At the request of 24th District Attorney General Matt Stowe, TBI Special Agents, working alongside investigators with the State Comptroller’s Office, began investigating Holland Marie Craig on January 26th.
TBI reports Benton County Man Arrested for Abuse, Death of Infant
August 26, 2014
Jackson, TN – The Tennessee Bureau of Investigation yielded warrants that led to the arrest today of a 25-year old Benton County man, charged with first degree murder and aggravated child abuse of a seven-month-old child.
On August 22nd, 2014, at the request of 24th District Attorney Hansel McAdams, TBI Special Agents, with the assistance of deputies from the Benton County Sheriff’s Department and the Department of Children’s Services, investigated the death of Joseph Hilliard.
Westlee Waylon Yates from Benton County was arrested Monday, August 25th for murder and abuse of a seven month old child.
Stock market offers tricks and treats in October 2013
November 1, 2013
Clarksville, TN – The markets sent investors mixed messages in October, generally trending upwards despite signs of volatility around the government shutdown and subsequent reopening.
At the end of the month, stocks – which had enjoyed a days-long record run – began to show some weakness after Federal Reserve policymakers said the economy wasn’t growing quickly enough to curtail its bond purchases and dial back on some of its economic stimulus.
Frazier Allen
