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Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 31st, 2017

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Next week, the ISM surveys have some market-moving potential and we should receive anecdotal information on the strength of holiday sales, but the focus is expected to be on the employment figures.

Seasonal adjustment is a bit quirky in December and can easily magnify the normal statistical noise in the job market figures (as a reminder, the monthly change in nonfarm payrolls is reported accurate to ±120,000 and the unemployment rate is reported accurate to ±0.2%). Market participants are likely to focus on average hourly earnings, which can be noisy.

Frazier Allen
Frazier Allen


  Last Last Week YTD return %
DJIA 24837.51 24778.26 25.68%
NASDAQ 6950.16 6965.36 29.11%
S&P 500 2687.54 2684.57 20.04%
MSCI EAFE 2043.31 2033.66 21.34%
Russell 2000 1548.93 1533.66 14.13%


Consumer Money Rates

  Last 1 year ago
Prime Rate 4.50 3.75
Fed Funds 1.41 0.66
30-year mortgage 4.04 4.23



  Last 1 year ago
Dollars per British Pound 1.344 1.226
Dollars per Euro 1.194 1.049
Japanese Yen per Dollar 112.87 116.54
Canadian Dollars per Dollar 1.257 1.350
Mexican Peso per Dollar 19.721 20.728



  Last 1 year ago
Crude Oil 59.84 53.77
Gold 1297.20 1158.10


Bond Rates

  Last 1 month ago
2-year treasury 1.90 1.78
10-year treasury 2.43 2.38
10-year municipal (TEY) 3.11 3.40


Treasury Yield Curve – 12/29/2017

As of close of business 12/28/2017

Treasury Yield Curve – 12/29/2017

S&P Sector Performance (YTD) – 12/29/2017

As of close of business 12/28/2017

S&P Sector Performance (YTD) – 12/29/2017

Economic Calendar

January 1  —  New Year’s Holiday (markets closed)
January 3  —  ISM Manufacturing Index (December)
   —  FOMC Minutes (December 12-13)
January 4  —  ADP Payroll Estimate (December)
January 5  —  Employment Report (December)
   —  Trade Balance (November)
   —  ISM Non-Manufacturing Index (December)
January 12  —  Consumer Price Index (December)
   —  Retail Sales (December)
January 15  —  MLK Jr. Holiday (markets closed)
January 26  —  Real GDP (4Q17, advance estimate)
January 31  —  FOMC Policy Decision (no press conference)

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 December 28th, 2017.

©2017 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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