{"id":11033,"date":"2016-03-06T16:00:26","date_gmt":"2016-03-06T22:00:26","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=11033"},"modified":"2016-03-06T13:49:24","modified_gmt":"2016-03-06T19:49:24","slug":"clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-march-6th-2016","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2016\/03\/06\/clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-march-6th-2016\/","title":{"rendered":"Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 6th, 2016"},"content":{"rendered":"

\"F&MClarksville, TN<\/strong> – Nonfarm payrolls rose more than expected in February, while figures for the two previous months were revised higher. At 228,000, the three-month average has remained strong. The unemployment rate held steady at 4.9%, but labor force participation continued to pick up and the employment\/population ratio is trending higher.<\/p>\n

Hours fell, likely reflecting bad weather (weakness in hours was concentrated in mining, which includes energy exploration, and construction). Average hourly earnings fell 0.1% (following a 0.5% rise in January), bringing the year-over-year gain down to 2.2% (from 2.5%), but the three-month average was up nearly 2.5% y\/y.<\/p>\n

\"Frazier<\/a>

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

The other economic data reports were mixed. In the Beige Book, two of the 12 Federal Reserve districts described growth as \u201cmoderate,\u201d while others saw things at \u201cmodest,\u201d \u201cslight,\u201d \u201cflat,\u201d or \u201cmixed,\u201d and The Kansas City Fed noted \u201ca modest decline\u201d in activity.<\/p>\n

The ISM Manufacturing Index remained below the breakeven level in February, but details were not as bad as in January and survey respondents were generally upbeat.<\/p>\n

The ISM Non-Manufacturing Index was little changed, consistent with lackluster-to-moderate growth in the overall economy. January foreign trade figures suggested that exports will be a larger drag on GDP growth. The pace of auto sales remained brisk in February.<\/p>\n

Next week, the U.S. economic calendar thins out considerably. The focus is expected to be on the European Central Bank\u2019s policy meeting, where officials may once again disappoint market expectations (in this case, more QE or rates pushed further into negative territory).<\/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>\n16943.90<\/td>\n16697.28<\/td>\n-2.76%<\/td>\n<\/tr>\n
NASDAQ<\/td>\n4707.42<\/td>\n4582.21<\/td>\n-5.99%<\/td>\n<\/tr>\n
S&P 500<\/td>\n1993.40<\/td>\n1951.70<\/td>\n-2.47%<\/td>\n<\/tr>\n
MSCI EAFE<\/td>\n1611.70<\/td>\n1554.15<\/td>\n-6.09%<\/td>\n<\/tr>\n
Russell 2000<\/td>\n1076.05<\/td>\n1031.58<\/td>\n-5.27%<\/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>\n3.25<\/td>\n<\/tr>\n
Fed Funds<\/td>\n0.37<\/td>\n0.12<\/td>\n<\/tr>\n
30-year mortgage<\/td>\n3.74<\/td>\n3.75<\/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>\n1.418<\/td>\n1.524<\/td>\n<\/tr>\n
Dollars per Euro<\/td>\n1.096<\/td>\n1.108<\/td>\n<\/tr>\n
Japanese Yen per Dollar<\/td>\n113.690<\/td>\n120.130<\/td>\n<\/tr>\n
Canadian Dollars per Dollar<\/td>\n1.340<\/td>\n1.243<\/td>\n<\/tr>\n
Mexican Peso per Dollar<\/td>\n17.923<\/td>\n15.055<\/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>\n34.57<\/td>\n51.53<\/td>\n<\/tr>\n
Gold<\/td>\n1258.20<\/td>\n1200.90<\/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>\n0.84<\/td>\n0.71<\/td>\n<\/tr>\n
10-year treasury<\/td>\n1.83<\/td>\n1.85<\/td>\n<\/tr>\n
10-year municipal (TEY)<\/td>\n2.71<\/td>\n2.60<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Treasury Yield Curve \u2013 03\/04\/2016<\/h3>\n

As of close of business 03\/03\/2016<\/p>\n

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

Economic Calendar<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
March 7th<\/strong><\/td>\n\u2014<\/td>\nFed Vice Chair Fischer Speaks (macroeconomics)
\nFed Governor Brainard Speaks (economic outlook)<\/td>\n<\/tr>\n
March 8th<\/strong><\/td>\n\u2014<\/td>\nSmall Business Optimism Index (February)<\/td>\n<\/tr>\n
March 10th<\/strong><\/td>\n\u2014<\/td>\nECB Policy Meeting
\nJobless Claims (week ending February 27th)<\/td>\n<\/tr>\n
March 11th<\/strong><\/td>\n\u2014<\/td>\nImport Prices (February)<\/td>\n<\/tr>\n
March 15th<\/strong><\/td>\n\u2014<\/td>\nProducer Price Index (February)
\nRetail Sales<\/td>\n<\/tr>\n
March 16th<\/strong><\/td>\n\u2014<\/td>\nConsumer Price Index (February)
\nBuilding Permits, Housing Starts (February)
\nIndustrial Production (February)
\nFOMC Policy Decision, Revised Fed Projections
\nYellen Press Conference<\/td>\n<\/tr>\n
March 17th<\/strong><\/td>\n\u2014<\/td>\nLeading Economic Indicators (February)<\/td>\n<\/tr>\n
March 25th<\/strong><\/td>\n\u2014<\/td>\nGood Friday Holiday (markets closed)<\/td>\n<\/tr>\n
April 1st<\/strong><\/td>\n\u2014<\/td>\nEmployment Report (March)<\/td>\n<\/tr>\n
April 27th<\/strong><\/td>\n\u2014<\/td>\nFOMC Policy Decision (no Yellen press conference)<\/td>\n<\/tr>\n
June 15th<\/strong><\/td>\n\u2014<\/td>\nFOMC Policy Decision (Yellen Press Conference)<\/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 March 3rd, 2016.<\/p>\n

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

Clarksville, TN – Nonfarm payrolls rose more than expected in February, while figures for the two previous months were revised higher. At 228,000, the three-month average has remained strong. The unemployment rate held steady at 4.9%, but labor force participation continued to pick up and the employment\/population ratio is trending higher. Hours fell, likely reflecting […]<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[3],"tags":[4306,7670,7819,1898,7666,5117,5123,9756,8488,7702,5120,8434,6620,8328,7035,8678,10795,7671,7704,7667,5119,9284,1004,7668,5118,1910,4305,7752,4619,3174,1903,2038,1007,10441],"class_list":["post-11033","post","type-post","status-publish","format-standard","hentry","category-business","tag-bonds","tag-british-pound","tag-clarksville","tag-clarksville-tn","tag-djia","tag-dow-jones-industrial-average","tag-euro","tag-european-central-bank","tag-fm-investment-services","tag-fed","tag-federal-reserve","tag-fomc","tag-gas-prices","tag-gdp","tag-gold","tag-ism-manufacturing-index","tag-ism-non-manufacturing-index","tag-japanese-yen","tag-mexican-peso","tag-msci-eafe","tag-nasdaq","tag-oil-prices","tag-raymond-james-investment-services","tag-russell-2000","tag-sp-500","tag-stock-market","tag-stocks","tag-u-s-stock-market","tag-u-s-treasuries","tag-u-s-treasury","tag-unemployment-rate","tag-united-states","tag-weekly-market-snapshot","tag-yuan"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/11033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/comments?post=11033"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/11033\/revisions"}],"predecessor-version":[{"id":11034,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/11033\/revisions\/11034"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=11033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=11033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=11033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}