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Topic: Economy

Frazier Allen: Domestic Stocks Climb Higher in July

 

F&M Investment Services - Raymond JamesClarksville, TN – The Dow Jones Industrial Average and the S&P 500 both reached new highs during July, and the S&P 500 notched its fifth consecutive monthly gain.

According to research by Raymond James Chief Investment Strategist Jeff Saut, historically, any time the broad market S&P 500 has hit a new all-time high after 52 weeks spent below the previous high-water mark, we have seen average gains of 12.3% over the course of the next year.

The dog days of summer don’t seem to be slowing the markets down.

The dog days of summer don’t seem to be slowing the markets down.

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Tennessee is Top State in United States for Advanced Industry Job Growth according to Brookings Institution Report

 

Tennessee Department of Economic and Community DevelopmentNashville, TN – Tennessee ranks No. 1 among U.S. states for advanced industry job growth since 2013, the Brookings Institution found in a newly released report.

From 2013 to 2015, Tennessee’s advanced industry jobs increased by an average of 4.6 percent annually, according to Brookings, a Washington, D.C.-based think tank. With the highest percentage growth rate among U.S. states, Tennessee outpaced the national average of 2.46 percent annual advanced industry job growth.

Tennessee’s Advanced Industry Jobs grew 4.6% annually from 2013 to 2015.

Tennessee’s Advanced Industry Jobs grew 4.6% annually from 2013 to 2015.

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Frazier Allen: July 2016 Investment Strategy Quarterly Recap

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Financial market headwinds for the next six to twelve months include political uncertainty in the U.S., a strengthening U.S. dollar, significant uncertainty surrounding Britain’s recent referendum on leaving the European Union (“Brexit”), and earnings growth.

Tailwinds include low oil prices, an improving labor market, and a low interest-rate environment.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 12th, 2016

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Fed Chair Janet Yellen said she was “cautiously optimistic” in her speech on the economy and monetary policy. She expects that further gradual increases in the federal funds target rate will be warranted, but she also stressed a number of near-term uncertainties.

This week, the mid-month economic data releases will be important, especially Tuesday’s retail sales figures, but the focus will be on the Fed.

Frazier Allen

Frazier Allen

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2016 Legislative Session of the 109th Tennessee General Assembly report

 

Tennessee State Representative Curtis Johnson

Tennessee State Representative - District 68Nashville, TN – The 109th Tennessee General Assembly adjourned on April 22nd, 2016 to become a part of Tennessee history with passage of major legislation to reduce crime, cut tax burdens, spur job growth, accelerate the state’s success in K-12 education, boost the number of college graduates, curb drug abuse and curtail drunk driving.

State lawmakers also passed significant legislation to ease traffic congestion, reduce child abuse, aid farmers, increase access to healthcare and medication, increase voter participation and provide a safer environment for the elderly.

Following, please find a copy of some of the highlights of this year’s legislative action.

Tennessee State Representative Curtis Johnson

Tennessee State Representative Curtis Johnson

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Tennessee House of Representatives Welcomes Japan’s Consul-General

 

Tennessee Representative Curtis Johnson

Tennessee State Representative - District 68Nashville, TN – The Tennessee House of Representatives was pleased to welcome Mr. Masami Kinefuchi to attend Wednesday’s session of the House and to present him with a House Joint Resolution recognizing the great contribution he has made to the economy of Tennessee.

The consul-general’s job is to facilitate economic and cultural exchange between Japan and the United States. He has jurisdiction over five states—Arkansas, Kentucky, Louisiana, Mississippi, and Tennessee. In these five states, there are more than 400 Japanese companies.

In Tennessee there are over 180 Japanese-based business employing more than 46,000 individuals with the largest company being Nissan with an assembly plant in Smyrna, Tennessee. Other Japanese companies in Tennessee are Denso, Bridgestone, Calsonic, and Yorozu.

Rep. Curtis Johnson on the far right presented the House Joint Resolution to Mr. Kinefuchi (4th from left). Also, from the left is the governor’s chief of state, Jim Henry; House Finance Chairman, Charles Sargent; and Speaker of the House Beth Harwell.

Rep. Curtis Johnson on the far right presented the House Joint Resolution to Mr. Kinefuchi (4th from left). Also, from the left is the governor’s chief of state, Jim Henry; House Finance Chairman, Charles Sargent; and Speaker of the House Beth Harwell.

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Tennessee Governor Bill Haslam: State of Our State Is One of Unique Opportunity

 

Budget proposal makes the largest K-12 investment without a tax increase in state history

Tennessee State GovernmentNashville, TN – Tennessee Governor Bill Haslam tonight delivered his 2016 State of the State and Budget Address before a joint session of the 109th General Assembly, unveiling a balanced $34.8 billion proposal that makes the largest investment in K-12 education without a tax increase in Tennessee’s history.

The governor’s Fiscal Year 2016-2017 budget proposes 261 million in new dollars for Tennessee public education, including $104.6 million for teacher salaries.

Tennessee Governor Bill Haslam delivered his 2016 State of the State and Budget Address Monday night.

Tennessee Governor Bill Haslam delivered his 2016 State of the State and Budget Address Monday night.

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Frazier Allen: Market pullbacks need perspective

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The first three trading weeks of the year have been marked by volatility in the domestic and global equity markets, garnering the attention of investors and the financial media.

There’s a lot going on with stocks stumbling, bond yields falling and oil prices declining. So, it may be helpful to separate the noise from the underlying fundamentals.

Despite slowdowns in China and Europe, domestic economic growth has held up fairly well, supported by job growth and stronger consumer spending power.

Frazier Allen

Frazier Allen

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Clarksville Mayor Kim McMillan proclaims “Small Business Saturday”

 

City of Clarksville - Clarksville, TNClarksville, TN – Clarksville Mayor Kim McMillan has proclaimed November 28th, 2015 as “Small Business Saturday” in Clarksville.

Falling between Black Friday and Cyber Monday, this is a day that celebrates small, independently-owned businesses that help boost our local economy through job creation, service in our community and preservation of our neighborhoods.

Clarksville Mayor Kim McMillan

Clarksville Mayor Kim McMillan

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AAA releases Thanksgiving Travel Forecast; 46.9 Million Americans Expected to Travel

 

Seventh consecutive year of growth; the most Thanksgiving travelers since 2007

AAAKnoxville, TN – AAA Travel forecasts 46.9 million Americans will journey 50 miles or more from home during the Thanksgiving holiday, a 0.6 percent increase from the 46.6 million people who traveled last year and the most in eight years.

With 300,000 additional holiday travelers, this marks the seventh consecutive year of growth for Thanksgiving travel.

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