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Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 12th, 2013

F&M Investment Services - Raymond JamesClarksville, TN – Next week, the mid-month economic data will help fill in the picture of where the economy stands in the third quarter.

Many of the reports have market-moving potential, but future Fed policy decisions are seen as being driven more by the employment figures.

Frazier Allen
Frazier Allen

Indices

  Last Last Week YTD return %
DJIA 15498.32 15628.02 18.27%
NASDAQ 3669.12 3675.74 21.51%
S&P 500 1697.48 1706.87 19.02%
MSCI EAFE 1763.83 1741.75 9.96%
Russell 2000 1049.47 1059.88 23.56%

Consumer Money Rates

  Last 1-year ago
Prime Rate 3.25 3.25
Fed Funds 0.10 0.10
30-year mortgage 4.40 3.59

Currencies

  Last 1-year ago
Dollars per British Pound 1.556 1.566
Dollars per Euro 1.339 1.237
Japanese Yen per Dollar 96.360 78.450
Canadian Dollars per Dollar 1.031 0.994
Mexican Peso per Dollar 12.622 13.176

Commodities

  Last 1-year ago
Crude Oil 103.40 93.35
Gold 1310.47 1615.83

Bond Rates

  Last 1-month ago
2-year treasury 0.30 0.33
10-year treasury 2.58 2.55
10-year municipal (TEY) 4.63 4.52

Treasury Yield Curve – 08/09/2013

Treasury Yield Curve – 08/09/2013

S&P Sector Performance (YTD) – 08/09/2013

S&P Sector Performance (YTD) – 08/09/2013

Economic Calendar

August 13th

 —

Retail Sales (July)
August 14th

 —

Producer Price Index (July)
August 15th

 —

Consumer Price Index (July)
Industrial Production (July)
August 16th

 —

Building Permits, Housing Starts (July)
August 21st

 —

Existing Home Sales (July)
FOMC Minutes (July 30th-31st)
August 23rd

 —

New Home Sales (July)
August 27th

 —

Consumer Confidence (August)
August 29th

 —

Real GDP (2Q13, 2nd estimate)
September 2nd

 —

Labor Day Holiday (markets closed)

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 August 8th, 2013.

©2013 Raymond James Financial Services, Inc. member FINRA / SIPC.

Frazier Allen
Frazier Allenhttp://www.raymondjames.com/frazierallen
Frazier Allen, WMS, CRPS, Financial Advisor with F&M Bank 50 Franklin Street | Clarksville, TN 37040 | 931-553-2048
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