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Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 29th, 2017

By Frazier Allen | May 29, 2018 |

F&M Investment Services - Raymond James - Clarksville, TN Clarksville, TN – Next week, a number of important economic data reports will arrive, but the focus is expected to be on the May employment figures. Recent labor market data suggest that the tight job market has grown tighter still.

Over the next several months, the pace of job growth is expected to be restrained by a lack of qualified workers. The unemployment rate is likely to remain low (it was 3.9% in April).

Frazier Allen

Average hourly earnings figures tend to be quirky – monthly changes are choppy and often revised the next month – but the trend has remained moderate.

Other data reports (the Conference Board’s Consumer Confidence Index, the 1Q18 GDP revision, the core PCE Price Index) have some market-moving potential.

Indices

	Last	Last Week	YTD return %
DJIA	24811.76	24713.98	0.37%
NASDAQ	7424.43	7382.47	7.55%
S&P 500	2727.76	2720.13	2.03%
MSCI EAFE	2023.03	2050.45	-1.35%
Russell 2000	1628.22	1625.29	6.04%

Consumer Money Rates

	Last	1 year ago
Prime Rate	4.75	4.00
Fed Funds	1.69	0.91
30-year mortgage	4.67	4.03

Currencies

	Last	1 year ago
Dollars per British Pound	1.338	1.294
Dollars per Euro	1.172	1.121
Japanese Yen per Dollar	109.26	111.84
Canadian Dollars per Dollar	1.288	1.345
Mexican Peso per Dollar	19.574	18.503

Commodities

	Last	1 year ago
Crude Oil	70.71	48.90
Gold	1309.80	1259.80

Bond Rates

	Last	1 month ago
2-year treasury	2.52	2.48
10-year treasury	2.99	2.97
10-year municipal (TEY)	3.86	3.94

Treasury Yield Curve – 05/25/2018

As of close of business 05/24/2018

S&P Sector Performance (YTD) – 05/25/2018

As of close of business 05/24/2018

Economic Calendar

May 28	—	Memorial Day Holiday (Markets closed)
May 29	—	CB Consumer Confidence (May)
May 30	—	ADP Payroll Estimate (May)
	—	Real GDP (1Q18, 2nd estimate)
	—	Fed Beige Book
May 31	—	Jobless Claims (week ending May 26)
	—	Personal Income and Spending (April)
	—	Chicago Business Barometer (May)
June 1	—	Employment Report (May)
	—	ISM Manufacturing Index (May)
June 5	—	ISM Non-Manufacturing Index (May)
June 12	—	Consumer Price Index (May)
June 13	—	FOMC Policy Decision (Powell press conference)
June 14	—	Retail Sales (May)
June 13	—	FOMC Policy Decision (Powell 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 May 24th, 2018.

About Frazier Allen

Frazier Allen

Frazier Allen, WMS, CRPS, Financial Advisor with F&M Bank
50 Franklin Street | Clarksville, TN 37040 | 931-553-2048

Web Site: http://www.raymondjames.com/frazierallen
Email:

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