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Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 15th, 2014


F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Next week, the economic calendar picks back up. Retail sales are likely to be the highlight, boosted by stronger vehicle sales in June. Ex-autos, sales results for April and May were disappointing – so we’ll be on the lookout for a rebound (or possibly some revision to the previous figures).

Industrial production data and residential construction figures have some potential to move the markets – they should point to stronger growth in 2Q14.

Frazier Allen

Frazier Allen


Last Last Week YTD return %
DJIA 16915.07 16976.24 2.04%
NASDAQ 4396.20 4457.73 5.26%
S&P 500 1964.68 1974.62 6.29%
MSCI EAFE 1943.87 1990.23 1.48%
Russell 2000 1161.86 1199.50 -0.15%

Consumer Money Rates

Last 1-year ago
Prime Rate 3.25 3.25
Fed Funds 0.09 0.10
30-year mortgage 4.15 4.51


Last 1-year ago
Dollars per British Pound 1.711 1.490
Dollars per Euro 1.361 1.282
Japanese Yen per Dollar 101.320 100.080
Canadian Dollars per Dollar 1.066 1.051
Mexican Peso per Dollar 13.016 12.897


Last 1-year ago
Crude Oil 102.93 106.52
Gold 1342.94 1255.37

Bond Rates

Last 1-month ago
2-year treasury 0.44 0.36
10-year treasury 2.52 2.62
10-year municipal (TEY) 3.59 3.79

Treasury Yield Curve – 7/11/2014

Treasury Yield Curve – 7/11/2014

S&P Sector Performance (YTD) – 7/11/2014

S&P Sector Performance (YTD) – 7/11/2014

Economic Calendar

July 15th Retail Sales (June)
Empire State Manufacturing Index (July)
Business Inventories (May)
July 16th Producer Price Index (June)
Industrial Production (June)
Fed Beige Book
July 17th Jobless Claims (week ending July 12th)
Building Permits, Housing Starts (June)
July 18th Consumer Sentiment (mid-July)
Leading Economic Indicators (June)
July 22nd Consumer Price Index (June)
Existing Home Sales (June)
July 24th New Home Sales (June)
Mid-July (tbd) Yellen Monetary Policy Testimony
July 30th Real GDP (2Q14 advance and benchmark revisions)
FOMC Policy Decision, (no press conference)
August 1st Employment Report (July)
September 17th FOMC Policy Decision, Yellen Press Conference

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 July 10th, 2014.

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

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