Topic: Clarksville

Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 26th, 2015

By Frazier Allen | January 26, 2015 |

Clarksville, TN – As expected, the European Central Bank (ECB) signaled that it would begin a quantitative easing program, purchasing €60 billion per month in public and private securities through September 2016.

The amount of monthly purchases was a bit higher than anticipated, but that included the ECB’s already-existing program to purchase asset-backed securities and covered bonds. The ECB’s announcement sent the euro sharply lower.

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 18th, 2015

By Frazier Allen | January 18, 2015 |

Clarksville, TN – Investors remained concerned about the global economy. The Swiss National Bank abandoned its currency ceiling against the euro, generating turmoil in the foreign exchange markets and adding to investor anxiety in the U.S.

While the Swiss franc surged, the U.S. dollar gained further ground against other currencies and a flight to safety pushed yields on long-term Treasuries lower (the 30-year bond yield to an all-time low). The SNB’s move reflected the central bank’s inability to defend the ceiling (especially with the European Central Bank expected to embark on QE next week), but investors took it as a sign of global financial instability.

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 11th, 2015

By Frazier Allen | January 11, 2015 |

Clarksville, TN – The December Employment Report was strong, but with some conflicting details. Nonfarm payrolls rose by a greater-than-expected 252,000 (median forecast: +240,000), with a net revision to October and November of +50,000.

It was the strongest year for job growth since 1999 (and the strongest private-sector job growth since 1997). The unemployment rate fell to 5.6% (median forecast: 5.7%), with annual benchmark revisions making little difference – however, the drop in the unemployment rate was due entirely to a decrease in labor force participation (don’t read too much into that, seasonal adjustment is tricky in December).

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 4th, 2015

By Frazier Allen | January 4, 2015 |

Clarksville, TN – Two days before Christmas, the government revised its estimate of 3Q14 GDP growth sharply higher (to 5.0%, vs. +3.9% in the 2nd estimate). Most of the revision was in consumer spending (a 3.2% annual rate, vs. +2.2%), which accounts for 70% of the economy.

Moreover, the monthly figures through November suggest an even stronger pace of consumer spending growth in 4Q14 (4.0% to 4.5%). It’s not hard to do the consumer spending calculation (and the monthly figures are subject to revision), but the markets seemed not to fully reflect the improved consumer outlook.

Frazier Allen

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Clarksville Online wishes everyone a Happy New Year and a great 2015

January 1, 2015 |

Clarksville, TN – Clarksville Online and it’s staff would like to wish you and your family a Happy New Year and prosperous 2015.

May this New Year bring you everlasting happiness and peace, success in whatever you do, and prosperity to you and your family.

Begin this New Year in a very special way with your friends, family and loved ones. Have a safe and Happy New Year.

Clarksville High Lady Wildcats overcome foul trouble to defeat Cheatham County to open Rebel Christmas Tournament

By Chris Austin | December 27, 2014 |

Dover, TN – With two of its leading scorers and rebounds in foul trouble most of the afternoon, Saturday, December 27th at the Bill Craig Memorial Gymnasium, Clarksville High School’s girls basketball team got a lift from its perimeter players, as the Lady Wildcats defeated Cheatham County Central High School, 59-52 to open the Stewart County Rebel Christmas Tournament.

With Haley Bearden and Ta’Tayana Outlaw in foul trouble for Clarksville High (7-8) guards Ellie Treanton, JK Cummings and Hannah Goins picked up the scoring slack for the Lady Wildcats, as the trio combined for 40 of the team’s 59 points and all six of its shots from behind the three-point arc.

Clarksville High Girl’s Basketball beats Cheatham County 59-52 in Rebel Christmas Tournament Saturday night.

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 22nd, 2014

By Frazier Allen | December 22, 2014 |

Clarksville, TN – The stock market’s anxieties about oil prices, the Fed, and the rest of the world gave way to a renewed sense of optimism (or at least less pessimism).

Heading into the Federal Open Market Committee meeting, the key question was whether it would abandon the “considerable time” phrase. The FOMC had it both ways, removing the phrase, saying instead that it could “be patient” in deciding when to begin normalizing policy, but quickly adding that the intent is exactly the same.

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 14th, 2014

By Frazier Allen | December 14, 2014 |

Clarksville, TN – Retail sales figures for November were stronger than expected, while results for September and October were revised higher. The report suggests that consumer spending growth is on a moderately strong path in 4Q14 – and we aren’t even close to seeing the full impact of the drop in gasoline prices (expect a bigger benefit for the consumer in the first half of 2015).

The retail sales data did little to offset the negative mood in equities. A further sharp decline in crude oil prices added to the anxiety. A sustained drop in oil prices will be a significant negative for oil producers here and abroad.

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 7th, 2014

By Frazier Allen | December 7, 2014 |

Clarksville, TN – In recent weeks, the U.S. stock market has reacted negatively to bad economic news out of Japan, China, and the euro area and positively to efforts by the corresponding central banks to spur growth. The European Central Bank did not make that extra effort on Thursday.

After strong hints that quantitative easing is on the way, the ECB’s Governing Council disappointed by failing to launch QE. ECB President Draghi indicated that further extraordinary measures could be employed “if needed.” The ECB staff and euro systems have stepped up technical preparations for QE, but Draghi seemed to suggest that there is no haste toward QE.

Frazier Allen

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Clarksville High Wildcats defense shines in 58-45 District 10-AAA victory over Rossview Hawks

By Chris Austin | December 6, 2014 |

Clarksville, TN – Clarksville High School’s boys basketball team would hold the Rossview High School offense to just 13 first-half points and 23 total points through three quarters, Friday, December 5th on its way to a 58-45 District 10-AAA victory.

The Wildcats (4-4, 1-1 District 10-AAA) didn’t fare much better early-on, as they only managed three points over the first 6:17 of the game, before taking the lead for good, 5-4, on a jumper by Tariq Silver – with 1:43 left in the opening period.

Clarksville High Boy’s Basketball defeats Rossview 58-45.

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