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Recent Articles
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Topic: Gross Domestic Product
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. «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of October 7th, 2014
Nonfarm payrolls rose by 248,000 in September, while the two previous months were revised a net 69,000 higher. Some of the strength reflected a rebound from special factors that had reduced the August total. «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 28th, 2014
Existing home sales fell in August, reflecting a decline in speculators (i.e., fewer all-cash transactions). New home sales surged 18.9%, but that likely reflects the usual volatility in the data. Durable goods orders fell 18%, reflecting an unwinding of July’s sharp spike in civilian aircraft orders. The three-month averages of shipments and orders for nondefense capital goods (ex-aircraft) suggest good strength in business fixed investments. «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 5th, 2014
Right now, inflation-adjusted consumer spending (70% of Gross Domestic Product) appears to be on track for about a 4% annual rate in 4Q13 – impressive, although the current figures may be revised. Durable goods orders rose more than expected in November, with the details suggesting that capital spending plans were delayed due to the government shutdown. «Read the rest of this article» Sections: Business | No Comments
Stocks continue to rise in First Quarter
Since the S&P hit its previous closing high in October 2007, the consumer discretionary sector has gained 40.4%, while staples are up 41.3% – outperforming technology and financials. «Read the rest of this article» Sections: Business | No Comments
Weekly Market Snapshot from Frazier Allen for the week of February 3rd, 2013Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Consumer Confidence tanked in January, while the Consumer Sentiment Index improved. The ISM Manufacturing Index was stronger than anticipated. Personal income jumped 2.6%, reflecting a 34.3% spike in dividend income and earlier bonus payments. Spending rose 0.2%. The PCE Price Index was flat overall (+1.3%) and ex-food and energy (+1.4% y/y) – trending well below the Fed’s 2% goal. «Read the rest of this article» Sections: Business | No Comments
Weekly Market Snapshot from Frazier Allen for the week of January 30th, 2013Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Oh, and the House and Senate only have to come up with a budget that can be approved by one chamber. They don’t have to have a set of budget bills that can be approved by both chambers (that is, something that could be sent to the president and signed into law). Spending cuts are still slated to kick in on March 1st, with about half of that in defense. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of January 20th, 2013Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Earnings reports were mixed, but investors seemed more concerned with the path ahead. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of January 13th, 2013Market Commentary by Scott J. Brown, Ph.D., Chief Economist
With little economic data, the stock market began to focus on earnings reports. President Obama nominated Jack Lew to succeed Timothy Geithner as treasury secretary. The move likely signals an emphasis on upcoming battles. Lew currently serves as Obama’s chief of staff. He also ran the Office of Management and Budget for both Clinton and Obama. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of January 6th, 2013Market Commentary by Scott J. Brown, Ph.D., Chief Economist
However, there were a number of problems with the plan. Congress failed to prevent (or offset) a two percentage point increase in payroll taxes, which should dampen consumer spending growth in the near term. The bill postponed large spending cuts by two months, did little to reduce the long-term budget shortfall, and did not address the federal debt ceiling. «Read the rest of this article» Sections: Business | No Comments
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