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Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 17th, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The mid-month economic data disappointed. Retail sales were weaker than anticipated in April. Industrial production fell short of expectations. Consumer sentiment slid in the mid-May assessment.

However, weekly claims for unemployment benefits remained remarkably low. The reports on import prices and producer prices continued to show disinflationary pressures.

Real GDP for the euro area rose 0.4% q/q (a 1.7% annual rate) in the flash estimate for the first quarter. Bond yields in Europe moved higher, but seemed to meet some resistance.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 10th, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The April employment report was in line with expectations. Details suggested: 1) a rebound from March weather effects; 2) some moderation in the underlying pace of job growth (relative to the very brisk pace of 4Q14); and 3) a very gradual pace of reduction in labor market slack.

Nonfarm payrolls rose by 223,000, while the weather-restrained March increase was revised down to +85,000 (from +126,000) – leaving an average monthly gain of 154,000 for March and April. The unemployment rate was essentially unchanged at 5.4%. Average hourly earnings rose 0.1%, up 2.2% year-over-year (still lackluster).

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 6th, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – GDP growth slowed to a 0.2% annual rate in the advance estimate for 1Q15, reflecting a variety of restraints (weather, West Coast port delays, the strong dollar, and a contraction in energy exploration), many of which are likely to be transitional. Consumer spending rose at a 1.9% pace (vs. +4.4% in 4Q14). Business investment fell, with “mining exploration, shafts, and wells” falling at a 48.7% annual rate.

Inventories rose more than anticipated, adding 0.7 percentage point to growth. Net exports subtracted 1.3 percentage points. Personal income was flat in March, but inflation-adjusted disposable income rose at a 6.2% annual rate in 1Q15 (which is likely to support consumer spending growth in 2Q15).

Frazier Allen

Frazier Allen

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Hilltop Super Market’s 6th Annual BBQ Cook Off to be held May 1st and May 2nd

 

Hilltop SupermarketClarksville, TN – Hilltop Super Market will hold their 6th annual BBQ Cook Off this Friday and Saturday, May 1st and 2nd, 2015. New this year is a dessert category. There will be cash prizes for the 1st, 2nd and 3rd place finishing teams per category as well as trophy prizes. There will also be a Grand Champion.

The categories this year are chicken, ribs, pork and dessert.

6th Annual BBQ Cook Off to be held this weekend at Hilltop Super Market.

6th Annual BBQ Cook Off to be held this weekend at Hilltop Super Market.

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of April 28th, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The economic calendar was light. Existing home sales were stronger than anticipated in March, but new home sales fell far short of expectations. Durable goods orders jumped 4.0%, but that reflected a surge in aircraft orders (which tend to be erratic). Ex-transportation, orders fell 0.2%.

Orders for core capital goods (nondefense and excluding aircraft) fell 0.5%, the seventh consecutive monthly decline. Unfilled orders (ex-transportation) fell further (not a good sign), while the inventory-to-shipment ratio continued to trend higher – both of these indicators bear watching, but neither is at a dangerous level.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of April 19th, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The economic data reports were mixed. Retail sales picked up in March, following a weak trend in the three previous months. Industrial production fell 0.6%, reflecting a plunge in oil and gas drilling and a decrease in the output of utilities (more normal temperatures).

Manufacturing output edged up 0.1%, with mixed results across industries. Building permits and housing starts fell in March, largely reflecting the usual volatility in the multi-family sector. Single-family permits, the key figure in the report, rose 2.1% (up 4.1% y/y).

Frazier Allen

Frazier Allen

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APSU Lady Govs Softball game against Middle Tennessee Blue Raiders cancelled

 

Austin Peay Sports Information

Austin Peay State University Lady Govs - APSUClarksville, TN – Due to wet field conditions, Austin Peay State University’s softball game versus Middle Tennessee, today at Cheryl Holt Field, has been cancelled.  The game will not be rescheduled.

This the 11th game lost to weather this spring and the ninth at home.

Austin Peay Softball game canceled due to rain. (APSU Sports Information)

Austin Peay Softball game canceled due to rain. (APSU Sports Information)

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of April 12th, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The economic data calendar was thin. Stock market participants finally got their chance to react to the disappointing employment data for March (the report was released on Good Friday).

However, the negative response was brief, as the market opened lower on Monday and then quickly turned up. The markets seemed to be looking for direction through the week, but failed to find much in the early earnings reports.

Frazier Allen

Frazier Allen

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Two Clarksville artists to perform at Insights into John Wesley Work III: A Celebration of Music and Meaning

 

John Wesley Work III Memorial FoundationNashville, TN – In honor and celebration of African American scholar, composer and musicologist John Wesley Work III, the John Wesley Work III Memorial Foundation in collaboration with The Nashville (TN) Chapter of The Links, Incorporated and the Fisk University Music Discipline will sponsor a unique program titled Insights into John Wesley Work III: A Celebration of Music and Meaning Saturday, April 18th, 2015, 1:00pm at Fisk University in the Fisk Memorial Chapel, 1000 17th Avenue North, Nashville, TN.

This free event will be followed with light refreshments in the historic Victorian-style John Work House on the campus at 17th Avenue North & Meharry Boulevard. «Read the rest of this article»

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of April 1st, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The economic data were mixed, but generally disappointing, consistent with first quarter GDP growth closer to 0% (growth is widely expected to pick up again in the 2Q15). Consumer confidence improved more than anticipated in March and motor vehicle sales picked up.

However, the ISM manufacturing data suggested a slowdown in the factory sector (likely related to the stronger dollar, although survey respondents continued to note West Coast port delays).

Frazier Allen

Frazier Allen

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