About: 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:
frazier.allen@raymondjames.com
Frazier Allen's Articles:
Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 22nd, 2013
Clarksville, TN – The Federal Open Market Committee did not reduce the pace of asset purchases. In its policy statement, the FOMC noted that the improvement in economy activity and labor market conditions since it began the asset purchase program a year ago was “consistent with growing underlying strength in the broader economy,” but “the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases.”
Frazier Allen
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Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 15th, 2013
Clarksville, TN – With a thin economic calendar, Syria remained a key concern for the markets. However, prospects for a U.S. strike diminished, which helped bolster equity market sentiment. The bond market is looking ahead to the Fed policy meeting. In the bond market, expectations on tapering have solidified somewhat, with a moderate majority seeing a small initial reduction in the pace of asset purchases.
Retail sales for August disappointed (relative to expectations), but figures for June and July were revised a bit higher. Jobless claims were distorted due to upgrades in state computer systems, but the trend had been lower in August. Hiring intentions improved. Consumer sentiment softened.
Frazier Allen
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Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 8th, 2013
Clarksville, TN – The economic data were mixed, but mostly on the strong side of expectations. The ISM’s two monthly surveys surprised to the upside. Motor vehicle sales advanced
However, the August Employment Report disappointed. Nonfarm payrolls rose by 169,000 (vs. a median forecast of +180,000 and expectations of an upside surprise). Figures for June and July were revised a net 74,000 lower (July went from +162,000 to +104,000).
Manufacturing rose by 6,000. Construction was flat. Retail added 44,000. The unemployment rate fell to 7.3%, but that was due to lower labor force participation (the lowest since May 1978).
Frazier Allen
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Investors looking for answers from the Fed, Government
Clarksville, TN – August saw all three of the major U.S. stock market indexes fall into negative territory, as investors become more concerned about the possibility of rising rates and potential military action in Syria.
Emerging markets, particularly Brazil and India, also took a hit in August as their economies weakened and their currencies fell against the dollar.
Frazier Allen
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Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 1st, 2013
Clarksville, TN – The economic data were consistent with a slowing in the rate of overall growth in July.
The estimate of second quarter growth was revised higher (to a 2.5% annual rate, vs. +1.7% in the advance estimate), but that was almost entirely due to a smaller-than-expected trade deficit (the estimate of consumer spending growth was the same and the estimate of business fixed investment was only slightly different).
Personal income and spending figures showed a poor start for the consumer in 3Q13. Durable goods orders tanked in July, reflecting a drop in aircraft orders (which were strong in May and June). However, ex-transportation orders still disappointed.
Frazier Allen
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Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 25th, 2013
Clarksville, TN – Fed tapering concerns continued to dominate the stock market action. The minutes of the July 30th-31st Federal Open Market Committee meeting provided little clarification.
Officials noted that the unemployment rate had fallen “considerably” since last fall (when QE3 began), with “solid” gains in nonfarm payrolls in recent months, but other measures of labor force utilization suggested “more modest” improvement.
From the minutes: “A few members emphasized the importance of being patient and evaluating additional information on the economy before deciding on any changes to the pace of asset purchases. At the same time, a few others pointed to the contingent plan that had been articulated on behalf of the Committee the previous month, and suggested that it might soon be time to slow somewhat the pace of purchases as outlined in that plan.”
Frazier Allen
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Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 20th, 2013
Clarksville, TN – Fed tapering concerns continued to weigh against the stock market and helped push long-term interest rate higher. There’s a growing consensus that we will see some reduction in the rate of asset purchases announced next month, but the first move may be a small one, as a compromise among divided Fed officials and as a means of testing market reactions to tapering.
The market reaction to the tapering talk is still a puzzle. Tapering is not tightening and the Fed will continue to support the recovery through its guidance on short-term interest rates. However, long-term interest rates are normally going to rise as an economic recovery progresses.
Frazier Allen
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Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 12th, 2013
Clarksville, 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
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Help Clarksville’s Garrett find a cure for Type 1 Diabetes
Clarksville, TN – A few weeks ago my family participated in JDRF Children’s Congress 2013 in Washington, D.C. where we met with our elected officials to ask for their support in finding a cure for Type 1 diabetes. There are some amazing developments focused on both a cure and treatment.
My 5 year old son, Garrett, was diagnosed with Type 1 Diabetes when he was 21 months old. Earlier this year Garrett began using an insulin pump that replaces the need for multiple shots each day. The insulin pump was developed as a direct result of support for JDRF (Juvenile Diabetes Research Foundation) and the technology helps regulate his blood glucose level.
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Markets gain ground, await further Fed guidance
Clarksville, TN – July was certainly eventful in terms of market movements and economic news. Stocks were up for the month, with the S&P 500 posting its biggest monthly gain since January, making up for its decline in June.
All the major indices ended July in higher territory after housing prices posted their largest gain in seven years and the Commerce Department reported that advanced estimates show that gross domestic product grew more than forecast in the second quarter. «Read the rest of this article»
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