Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 13th, 2015
Clarksville, TN – The economic calendar was thin. The headline retail sales figures for November were not far from expectations, but core sales (which exclude autos, building materials and gasoline) were up 0.6% (stronger than anticipated). The Producer Price Index continued to reflect disinflation pressure, with falling prices within the pipeline.
Commodity prices fell further, led by a drop in oil (now below the critical $40.00 level). Anxieties about the decline in commodity prices fed through to the stock market, which fell broadly during the week and cast some doubt about the Fed’s ability to raise rates next week (still likely, but increased financial instability could lead to a delay).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 6th, 2015
Clarksville, TN – Fed Chair Janet Yellen did not commit to raising rates in December, but she continued to lay the groundwork for an initial hike. She noted that with interest rates close to zero, the consequence of raising rates too soon or too late is not symmetric, which suggests that the Fed should be cautious as it prepares to tighten monetary policy.
However, she also noted that monetary policy affects the economy with a lag, and waiting too long raises risks for the economy and for financial stability.
Frazier Allen
Frazier Allen: Diversify your income
Branching out allows your retirement savings to weather different seasons
Clarksville, TN – There are many factors to consider when it comes to planning for a secure and fulfilling retirement – from how you’ll fill your time to where you’ll live and how you’ll pay for it all. One solution is diversifying your retirement income.
Similar to asset allocation among your investments, this approach advocates establishing independent streams of income that could provide needed cash flow under a variety of circumstances. The big idea is to put your eggs in several baskets since none of us know what the markets will do over 20 to 30 years of retirement, much less how long we’ll need our money to last.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 2nd, 2015
Clarksville, TN – Next week, the economic calendar has plenty of fresh figures. The ISM surveys and Friday’s employment report would normally be the highlights (and those reports will be important), but financial market participants will be more interested in what happens Thursday.
The European Central Bank’s Governing Council is expected to expand its asset purchase program, while Fed Chair Janet Yellen with testify before the Joint Economic Committee of Congress. Yellen is likely to provide a clearer signal that the Fed will begin raising short-term interest rates at the December policy meeting.
Frazier Allen
Clarksville’s Tilted Kilt Pub Encourages Shopping with Local Businesses on Black Friday
Clarksville, TN – Tilted Kilt Pub and Eatery in Clarksville is encouraging everyone to shop locally on Black Friday with their Black Friday Penny Pincher Promotion. Those that bring in a Black Friday receipt from any Clarksville retail business that day will receive a draft beer for just one penny.
“This is just our small way of helping support local businesses this holiday season as opposed to going out of town or shopping online.” said Laura Thornton, Marketing Coordinator for the Tilted Kilt Clarksville.
Clarksville Tilted Kilt Pub and Eatery to hold Black Friday Penny Pincher Promotion.
Frazier Allen: Make yourself at home
Take the time to create a space that’s just right for you now and in the future
Clarksville, TN – It seems many Americans agree with Dorothy Gale of Kansas: There really is no place like home. We spend years, decades even, creating a space that reflects our families, our lives, our personalities and our comforts. So it is little wonder that home is where the heart is and where we hope to live out the rest of our days.
If you’re among the many who prefer to live at home as long as possible, you’ll want to do what you can to make sure it fits your needs today and for many tomorrows to come.
Frazier Allen
Clarksville’s Convenient Car Care Inc. raises money for Pearl Point Cancer Support
Clarksville, TN – During October’s Breast Cancer Awareness month, Convenient Car Care Inc. of Clarksville held a campaign to raise money for cancer awareness. During the month, they accepted donations from their customers at their Valvoline Instant Oil Change and Valvoline Complete Car Care facilities in Clarksville, Nashville, and Kentucky.
“During the month of October, we donated $2.00 of every oil change that came through our stores as well as excepted donations from our customers that went directly to Pearl Point Cancer Support,” said Candace Ursery, President of Convenient Car Care Inc.
Convenient Car Care Inc. presents Pearl Point Cancer Support representatives with a check for $8,000 at their Valvoline Complete Car Care Center located on Wilma Rudolph Boulevard.
Frazier Allen: The Taxman Cometh
Make your tax to-do list while you still have time
Clarksville, TN – As we settle into the last quarter of the year, your mind may be on a different kind of list. But December 31st marks an important deadline for many year-end tax moves, including charitable contributions, so it makes sense to create a tax to-do list and execute each item before you ring in the new year.
We’ve started one for you, but since we can’t touch on all of the available tax-advantaged opportunities, it’s a good idea to contact your tax advisor to learn exactly which strategies can benefit you the most.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of November 15th, 2015
Clarksville, TN – The economic data calendar was relatively thin, leaving stock market investors to fret about a likely December rate hike from the Fed. A 25-basis-point increase in short-term interest rates should not have much of an impact on the economy, especially if the Fed follows up very gradually (as anticipated).
However, the financial markets see the initial tightening move as a big deal, so it is. Weak earnings results haven’t helped, but most of the weakness is tied to the strong dollar and slower growth abroad.
Frazier Allen
Clarksville Street Department becomes Clarksville-Montgomery County Green Certified
Montgomery County, TN – Clarksville Street Department is the latest city department to become Clarksville-Montgomery County Green Certified.
City of Clarksville Mayor Kim McMillan, Montgomery County Mayor Jim Durrett and Chamber Vice President Melinda Shepard were present at the green ribbon cutting to congratulate the employees.
(L to R) Daryl Pater, County Mayor Durrett, Scott Bibb, David Shepard, Oliver Sykes, City Mayor McMillan, Jeff Bryant, Ashlie Farmer, Chris Cowen, Charlie Gentry and Melinda Shepard.
