{"id":11257,"date":"2016-05-15T12:56:59","date_gmt":"2016-05-15T17:56:59","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=11257"},"modified":"2016-05-15T12:56:59","modified_gmt":"2016-05-15T17:56:59","slug":"clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-may-15th-2016","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2016\/05\/15\/clarksville-weekly-market-snapshot-from-frazier-allen-for-the-week-of-may-15th-2016\/","title":{"rendered":"Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 15th, 2016"},"content":{"rendered":"

\"F&MClarksville, TN<\/strong> – The economic calendar was quiet until the end of the week. April retail sales results surprised to upside, with upward revisions to February and March. This ran counter to generally weak monthly sales reports from a number of individual retailers.<\/p>\n

March sales were likely distorted (and depressed) by the early Easter. Results reflected strong trends in nonstore retailers (which includes Internet retailers), restaurants (helped by low gasoline prices, but also reflecting a long-term trend of households taking more meals outside the home), and drug stores (which likely reflects runaway prices of pharmaceuticals).<\/p>\n

\"Frazier<\/a>

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

Figures suggested an upward revision to the first quarter GDP growth estimate and boosted expectations for 2Q16 GDP growth.<\/p>\n

The stock market was unimpressed by the retail sales results. Many investors remain worried about the prospects for earnings.<\/p>\n

Next week, the economic calendar picks up, with several reports piling up on Tuesday. The focus, however, is likely to be on the FOMC minutes. We\u2019re unlikely to learn much new from these minutes.<\/p>\n

We know that officials are split on the expected timing of rate increases, but the hawkish view (those wanting to raise rates sooner rather than later) is a small minority. Nevertheless, investors will try to glean something about whether the Fed will raise rates in June or wait until September (or December).<\/p>\n

Residential construction activity and industrial production are expected to have picked up in April, following Easter-related weakness in March.<\/p>\n

\n

Indices<\/strong><\/p>\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>\n17720.50<\/td>\n17660.71<\/td>\n1.70%<\/td>\n<\/tr>\n
NASDAQ<\/td>\n4737.34<\/td>\n4717.09<\/td>\n-5.39%<\/td>\n<\/tr>\n
S&P 500<\/td>\n2064.11<\/td>\n2050.63<\/td>\n0.99%<\/td>\n<\/tr>\n
MSCI EAFE<\/td>\n1645.55<\/td>\n1641.61<\/td>\n-4.12%<\/td>\n<\/tr>\n
Russell 2000<\/td>\n1108.60<\/td>\n1107.95<\/td>\n-2.40%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Consumer Money Rates<\/strong><\/p>\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>\n3.63<\/td>\n3.85<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Currencies<\/strong><\/p>\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>\n1.445<\/td>\n1.575<\/td>\n<\/tr>\n
Dollars per Euro<\/td>\n1.138<\/td>\n1.135<\/td>\n<\/tr>\n
Japanese Yen per Dollar<\/td>\n109.02<\/td>\n119.15<\/td>\n<\/tr>\n
Canadian Dollars per Dollar<\/td>\n1.285<\/td>\n1.196<\/td>\n<\/tr>\n
Mexican Peso per Dollar<\/td>\n17.970<\/td>\n15.265<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Commodities<\/strong><\/p>\n\n\n\n\n\n
<\/td>\nLast<\/strong><\/td>\n1 year ago<\/strong><\/td>\n<\/tr>\n
Crude Oil<\/td>\n46.70<\/td>\n60.50<\/td>\n<\/tr>\n
Gold<\/td>\n1271.20<\/td>\n1218.20<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Bond Rates<\/strong><\/p>\n\n\n\n\n\n\n
<\/td>\nLast<\/strong><\/td>\n1 month ago<\/strong><\/td>\n<\/tr>\n
2-year treasury<\/td>\n0.75<\/td>\n0.75<\/td>\n<\/tr>\n
10-year treasury<\/td>\n1.73<\/td>\n1.77<\/td>\n<\/tr>\n
10-year municipal (TEY)<\/td>\n2.38<\/td>\n2.55<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Treasury Yield Curve <\/strong>\u2013 05\/13\/2016<\/p>\n

As of close of business 05\/12\/2016<\/p>\n

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

Economic Calendar<\/strong><\/p>\n\n\n\n\n\n\n
May 16<\/strong><\/td>\n\u2014<\/td>\nEmpire State Manufacturing Index (May)
\nHomebuilder Sentiment (May)<\/td>\n<\/tr>\n
May 17<\/strong><\/td>\n\u2014<\/td>\nConsumer Price Index (April)
\nBuilding Permits, Housing Starts (April)
\nIndustrial Production (April)<\/td>\n<\/tr>\n
May 18<\/strong><\/td>\n\u2014<\/td>\nFOMC Minutes (April 26-27)<\/td>\n<\/tr>\n
May 19<\/strong><\/td>\n\u2014<\/td>\nJobless Claims (week ending 5\/14)
\nPhiladelphia Fed Index (May)
\nLeading Economic Indicators (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 May 12th, 2016.<\/p>\n

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

Clarksville, TN – The economic calendar was quiet until the end of the week. April retail sales results surprised to upside, with upward revisions to February and March. This ran counter to generally weak monthly sales reports from a number of individual retailers. March sales were likely distorted (and depressed) by the early Easter. Results […]<\/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":[4306,7670,7819,1898,7666,5117,3461,5123,9756,8488,7702,1327,8434,8328,7035,7671,7704,7667,5119,9284,10912,1004,7668,5118,1910,4305,7752,4619,3174,2038,1007,10441],"class_list":["post-11257","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-easter","tag-euro","tag-european-central-bank","tag-fm-investment-services","tag-fed","tag-federal-open-market-committee","tag-fomc","tag-gdp","tag-gold","tag-japanese-yen","tag-mexican-peso","tag-msci-eafe","tag-nasdaq","tag-oil-prices","tag-pharmaceuticals","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-united-states","tag-weekly-market-snapshot","tag-yuan"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/11257","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=11257"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/11257\/revisions"}],"predecessor-version":[{"id":11258,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/11257\/revisions\/11258"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=11257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=11257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=11257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}