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Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 27th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The economic data were mixed. New home sales were much weaker than expected in June, with a sharp downward revision to May (March and April figures were also revised lower) – however, these figures are reported with an enormous level of uncertainty.

Existing home sales improved, with a further increase in the number of homes for sale. Durable goods orders rose moderately, but details showed a lackluster trend in shipments of nondefense capital goods. The Consumer Price Index rose 0.3% (+2.1% y/y), inflated partly by the seasonal adjustment for gasoline (which rose 0.3% before adjustment and +3.3% after adjustment). Ex-food & energy, the CPI edged up 0.1% (+2.0% y/y).

Frazier Allen

Frazier Allen

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Tennessee Department of Health says Polio vaccinations are still important

 

Necessary for All, Especially for Travelers

Tennessee Department of Health - TDOHNashville, TN – The Tennessee Department of Health, in alignment with the U.S. Centers for Disease Control and Prevention, is issuing polio vaccination guidance for individuals planning travel to and from 10 countries where wild poliovirus, or WPV, is currently known to be a threat.

Those countries include: Afghanistan, Nigeria, Pakistan, Cameroon, Ethiopia, Equatorial Guinea, Iraq, Israel, Somalia and Syria. «Read the rest of this article»

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Congressional candidate Credo Amouzouvik on the Campaign Trail; speaks at Clarksville Forum today

 

Election 2014Clarksville, TN – Credo Amouzouvik, U.S. Congressional democratic candidate for Tennessee District 7 has been visiting the counties in the district and is set to speak at the Clarksville Association of Realtors’ 2014 Political Candidate Forum today in Clarksville Tennessee.

Credo believes that consistent contact with constituents and an open flow of communication be-tween government leaders and their constituents is essential to a successful term in office. “Visiting the counties puts me in touch with the people so that they can share how they feel about current policies and politics affecting them,” says Amouzouvik (Credo). “When it comes to healthcare, education, jobs and the economy; I want them to share that with me.”

Tennessee 7th Congressional District candidate Credo Amouzouvik.

Tennessee 7th Congressional District candidate Credo Amouzouvik.

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 20th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The retail sales and industrial production reports had similar stories – gains in June were disappointing relative to expectations, but figures for April and May were revised higher. These data (which are subject to revision) are consistent with a sharp rebound in economic activity in 2Q14 (following weather–related weakness in 1Q14), but also suggest some loss of momentum heading towards 3Q14.

The Producer Price Index and import price reports showed no appreciable pipeline pressures for inflation.

Frazier Allen

Frazier Allen

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5th Special Forces Group (A)’s 3rd Battalion holds change of command ceremony at Fort Campbell

 

Written by Sgt. Justin A. Moeller
5th Special Forces Group (Airborne) Public Affairs

5th Special ForcesFort Campbell, KY – Soldiers with the 3rd Battalion, 5th Special Forces Group (Airborne), welcomed their new commander July 1st, 2014.

During a ceremony held at Gabriel Field, Lt. Col. Lewis J. Powers relinquished command of the 3rd Bn., 5th SFG (A), to Lt. Col. Brent W. Lindeman.

“Under the command of Lt. Col. Powers, 3rd Battalion has successfully executed hundreds of missions of critical importance across the entire Middle East,” said Col. John W. Brennan, commander of the 5th SFG (A). “From combat operations in remote locations of Afghanistan, to critical advise and assist missions in Iraq, and other locations throughout the Central Command’s area of responsibility—3rd Battalion has always risen to the challenges before them and emerged victorious.”

Col. John W. Brennan, commander of the 5th Special Forces Group (Airborne), passes the colors to Lt. Col. Brent W. Lindeman, the incoming commander of 3rd Battalion, 5th SFG(A), during a change of command ceremony, July 1, 2014, held at Gabriel Field. (Pfc. Robert Vanegas)

Col. John W. Brennan, commander of the 5th Special Forces Group (Airborne), passes the colors to Lt. Col. Brent W. Lindeman, the incoming commander of 3rd Battalion, 5th SFG(A), during a change of command ceremony, July 1, 2014, held at Gabriel Field. (Pfc. Robert Vanegas)

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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

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AAA says Oil Plunges, pushes Gasoline Prices to 3 month lows

 

AAATampa, FL – The price of oil dropped for the third consecutive week, pushing retail prices to their lowest level in months. Sunday, the national average price for a gallon of regular unleaded gasoline fell for the 16th consecutive day. Since last week, the average price fell 4 cents to $3.62, the cheapest price since April.

Oil settled at its lowest price in two months on the NYMEX as U.S. stockpiles increased last week and supply risks eased in Iraq and Libya. The price for a barrel of oil settled at $100.83 Friday, a $3.23 decline from a week ago. «Read the rest of this article»

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AAA say U.S. Delared World’s Biggest Oil Producer; Gas Prices Drift Lower

 

AAATampa, FL – The United States surpassed Saudi Arabia and Russia to become the world’s biggest oil producer this year.

According to a report from the Bank of America Corp., the U.S. is projected to remain the top producer of 2014 because domestic output is forecast to increase and production growth outside the U.S. has been lower than anticipated. «Read the rest of this article»

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 8th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The June Employment Report was stronger than expected. Nonfarm payrolls rose by 288,000 (median forecast: +215,000), with widespread gains across sectors (April and May were revised a net 29,000 higher).

The unemployment fell to 6.1% (from 6.3%), although the employment/population ratio edged up only slightly (to 59.0%, vs. 58.9% in May and 58.7% a year ago – still suggesting plenty of slack in the labor market). Average hourly earnings rose 0.2% in June, up 2.0% y/y (the CPI rose 2.1% over the 12 months ending in May).

Frazier Allen

Frazier Allen

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Vice Chief of the Army General John F. Campbell nominated as new ISAF commander

 

Written by Libby Howe
United States Army

U.S. ArmyWashington, D.C. – Vice Chief of Staff of the Army General John F. Campbell received a presidential nomination to serve as commander of NATO’s International Security Assistance Force and U.S. Forces Afghanistan.

“I am truly honored and humbled by the president’s nomination for me to serve as the next International Security Assistance Force commander,” Campbell said.

“If confirmed, I look forward to serving alongside our Afghan and coalition partners as we continue operations in Afghanistan. Until such time, I remain committed to my current responsibilities as the vice chief of staff of the Army,” he said.

Vice Chief of Staff of the Army General John F. Campbell received a presidential nomination to serve as NATO's International Security Assistance Force and U.S. Forces Afghanistan Commander. (U.S. Army)

Vice Chief of Staff of the Army General John F. Campbell received a presidential nomination to serve as NATO’s International Security Assistance Force and U.S. Forces Afghanistan Commander. (U.S. Army)

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