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Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 25th, 2014

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Next week, the report on durable goods orders should reflect a decrease in aircraft orders and may be a little soft otherwise (possibly reflecting an impact from the late Easter holiday this year).

The estimate of GDP growth for the first quarter is likely to be revised lower, but the story shouldn’t change much (most economists are expected a strong rebound in 2Q14 GDP growth).

Frazier Allen
Frazier Allen

Indices

Last Last Week YTD return %
DJIA 16543.08 16446.81 -0.20%
NASDAQ 4154.34 4069.29 -0.53%
S&P 500 1892.49 1870.85 2.39%
MSCI EAFE 1934.60 1937.72 0.99%
Russell 2000 1113.87 1095.99 -4.28%

Consumer Money Rates

Last 1-year ago
Prime Rate 3.25 3.25
Fed Funds 0.08 0.09
30-year mortgage 4.14 3.59

Currencies

Last 1-year ago
Dollars per British Pound 1.687 1.509
Dollars per Euro 1.368 1.293
Japanese Yen per Dollar 101.560 102.930
Canadian Dollars per Dollar 1.091 1.031
Mexican Peso per Dollar 12.927 12.333

Commodities

Last 1-year ago
Crude Oil 104.12 94.03
Gold 1296.53 1387.09

Bond Rates

Last 1-month ago
2-year treasury 0.33 0.43
10-year treasury 2.53 2.67
10-year municipal (TEY) 3.74 4.30

Treasury Yield Curve – 5/23/2014

Treasury Yield Curve – 5/23/2014

S&P Sector Performance (YTD) – 5/23/2014

S&P Sector Performance (YTD) – 5/23/2014

Economic Calendar

May 26th Memorial Day Holiday (markets closed)
May 27th Durable Goods Orders (April)
Case-Shiller Home Price Index (March)
Consumer Confidence (May)
May 29th Real GDP (1Q14, 2nd estimate)
Pending Home Sales Index (April)
May 30th Personal Income and Spending (April)
Chicago PM Index (May)
June 2nd ISM Manufacturing Index (May)
June 4th ISM Non-Manufacturing Index (May)
Fed Beige Book
June 6th Employment Report (May)

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 May 22nd, 2014.

©2014 Raymond James Financial Services, Inc. member FINRA / SIPC.

Frazier Allen
Frazier Allenhttp://www.raymondjames.com/frazierallen
Frazier Allen, WMS, CRPS, Financial Advisor with F&M Bank 50 Franklin Street | Clarksville, TN 37040 | 931-553-2048
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