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Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 30th, 2013

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Next week, the ISM Manufacturing Index is expected to be the highlight, although the December figures can be exaggerated by the seasonal adjustment.

Market participants are likely to look ahead to the Employment Report.

Frazier Allen

Frazier Allen

Indices

  Last Last Week YTD return %
DJIA 16479.88 16179.08 25.76%
NASDAQ 4167.18 4058.135 38.01%
S&P 500 1842.02 1809.6 29.16%
MSCI EAFE 1885.14 1855.14 17.53%
Russell 2000 1162.65 1125.45 36.89%

Consumer Money Rates

  Last 1-year ago
Prime Rate 3.25 3.25
Fed Funds 0.08 0.18
30-year mortgage 4.59 3.37

Currencies

  Last 1-year ago
Dollars per British Pound 1.641 1.612
Dollars per Euro 1.369 1.322
Japanese Yen per Dollar 104.710 85.560
Canadian Dollars per Dollar 1.065 0.995
Mexican Peso per Dollar 13.054 13.028

Commodities

  Last 1-year ago
Crude Oil 99.55 90.98
Gold 1211.60 1660.85

Bond Rates

  Last 1-month ago
2-year treasury 0.40 0.28
10-year treasury 3.00 2.75
10-year municipal (TEY) 4.25 4.34

Treasury Yield Curve – 12/27/2013

Treasury Yield Curve – 12/27/2013S&P Sector Performance (YTD) – 12/27/2013

S&P Sector Performance (YTD) – 12/27/2013

Economic Calendar

December 30th

 —

Pending Home Sales Index (November)
December 31st

 —

Chicago Purchasing Managers Index (December)
Consumer Confidence (December)
January 1st

 —

New Year’s Day (markets closed)
January 2nd

 —

Jobless Claims (week ending December 28th)
ISM Manufacturing Index (December)
January 3rd

 —

Motor Vehicle Sales (December)
January 6th

 —

ISM Non-Manufacturing Index (December)
January 8th

 —

ADP Payroll Estimate (December)
January 10th

 —

Employment Report (December)
January 20th

 —

MLK, Jr. Holiday (markets closed)
January 29th

 —

FOMC Policy Decision, no press briefing

Important Disclosures

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.

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.

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.

Tax Equiv Muni yields (TEY) assume a 35% tax rate on triple-A rated, tax-exempt insured revenue bonds.

Material prepared by Raymond James for use by its financial advisors.

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 December 26th, 2013.

©2013 Raymond James Financial Services, Inc. member FINRA / SIPC.


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