Clarksville, TN Online: News, Opinion, Arts & Entertainment.


Clarksville Weekly Market Snapshot from Frazier Allen for the week of November 28th, 2016

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Next week, fresh economic figures will arrive, but none of the reports, including the November employment report, are expected to sway the Fed away from raising short-term interest rates on December 14th.

Job growth is expected to have been moderately strong in November, but keep a close eye on average hourly earnings, which have suggested the wage pressures are building (note that the average hourly earnings figures can be quirky – they are often revised the next month – but the trend is higher).

Frazier Allen

Frazier Allen

Indices

  Last Last Week YTD return %
DJIA 19083.18 18903.82 9.52%
NASDAQ 5380.68 5333.97 7.45%
S&P 500 2204.72 2187.12 7.87%
MSCI EAFE 1625.20 1632.66 -5.31%
Russell 2000 1342.09 1309.49 18.15%

 

Consumer Money Rates

  Last 1 year ago
Prime Rate 3.50 3.25
Fed Funds 0.41 0.11
30-year mortgage 4.18 3.95

 

Currencies

  Last 1 year ago
Dollars per British Pound 1.245 1.513
Dollars per Euro 1.055 1.062
Japanese Yen per Dollar 113.33 122.74
Canadian Dollars per Dollar 1.349 1.329
Mexican Peso per Dollar 20.744 16.503

 

Commodities

  Last 1 year ago
Crude Oil 47.96 43.04
Gold 1189.30 1069.70

 

Bond Rates

  Last 1 month ago
2-year treasury 1.14 0.88
10-year treasury 2.38 1.86
10-year municipal (TEY) 3.66 2.71

 

Economic Calendar

November 29  —  Real GDP (3Q16, 2nd estimate)
   —  CB Consumer Confidence (November)
November 30  —  ADP Payroll Estimate (November)
   —  Personal Income and Spending (October)
   —  Chicago Purchasing Managers Index (November)
   —  Fed Beige Book
December 1  —  ISM Manufacturing Index (November)
December 2  —  Employment Report (November)
December 5  —  ISM Non-Manufacturing Index (November)
December 14  —  FOMC Policy Decision (Yellen press conference)
January 20  —  Inauguration Day
February 1  —  FOMC Policy Decision (no press conference)
March 15  —  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 November 24th, 2016.

©2016 Raymond James Financial Services, Inc. member FINRA / SIPC.


About Frazier Allen

Sections

Business

Topics

, , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Comments

You must be logged in to post a comment.


  • Visit Us On FacebookVisit Us On TwitterVisit Us On GooglePlusVisit Us On PinterestVisit Us On YoutubeCheck Our Feed
  • Personal Controls

    Archives