Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 25th, 2014
Clarksville, TN – Next week, the report on durable goods orders should reflect a decrease in aircraft orders and may be a little soft otherwise (possibly reflecting an impact from the late Easter holiday this year).
The estimate of GDP growth for the first quarter is likely to be revised lower, but the story shouldn’t change much (most economists are expected a strong rebound in 2Q14 GDP growth).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 19th, 2014
Clarksville, TN – Concerns about the economic recovery at home and abroad helped pushed long-term interest rates lower (with the 10-year Treasury yield below 2.5%). Stocks fell broadly.
The economic data were mixed. April retail sales and industrial production disappointed, but there were upward revisions to previous figures. Building permits and housing starts jumped sharply in April, but strength was concentrated in the volatile multi-family sector.
Single-family construction activity improved only modestly. The Consumer Price Index rose in line with expectations, reflecting higher prices of food and gasoline. A jump in airline fares added to the core CPI.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 11th, 2014
Clarksville, TN – The economic data calendar was thin. The ISM Non-Manufacturing Index was stronger than expected, but the details of the report, including comments from supply managers, suggested that growth was not especially strong.
In her congressional testimony, Fed Chair Janet Yellen said that “although real GDP growth is currently estimated to have paused in the first quarter of this year, I see that pause as mostly reflecting transitory factors, including the effects of the unusually cold and snowy winter weather,” adding “many recent indicators suggest that a rebound in spending and production is already under way, putting the overall economy on track for solid growth in the current quarter.”
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 4th, 2014
Clarksville, TN – There were a lot of economic data reports this week. Most of them were consistent with weather-related restraint in 1Q14 and a rebound in activity into early 2Q14. Real GDP rose at a 0.1% annual rate in the advance estimate for 1Q14 – while weather was a factor, the GDP growth figure was also trimmed by a wider trade deficit and slower inventory growth.
Personal income and spending figures improved in March, with upward revisions to figures for February. Unit auto sales slowed a little in April, still well above the first quarter average.
Frazier Allen
Premier Medical Welcomes Dr. Patricia Keefe to their Group Practice
Clarksville, TN – Premier Medical Group is pleased to announce the addition of Dr. Patricia Keefe to their general surgery department.
Dr. Keefe studied at Worcester Polytechnic Institute and earned her medical degree from the Uniformed Services University of the Health Sciences. She completed her general surgery residency at Tripler Army Medical Center in Honolulu, Hawaii.
Dr. Patricia Keefe
Clarksville Weekly Market Snapshot from Frazier Allen for the week of April 29th, 2014
Clarksville, TN – March home sales figures were disappointing and while the numbers are normally choppy, suggested that there may be something more to the slowdown in housing than bad weather (mortgage rates are higher than a year ago, while prices have risen significantly over the last three years).
Next week, it’s a very busy calendar, with fresh figures for April. Consumer confidence is expected to pick up. Real GDP growth is likely to be relatively soft (0.4% to +1.4%), with a weather-related restraint on consumer spending and homebuilding, drags from slower inventory growth and a wider trade deficit, and a rebound in government (following the drag from the shutdown in 4Q13).
Frazier Allen
AseraCare Supports Montgomery County Relay For Life
A Testament of Its Mission of Compassion and Care
Clarksville, TN – AseraCare Hospice of Clarksville recently presented a generous donation to the American Cancer Society in support of the Montgomery County Relay For Life effort.
AseraCare understands the challenges that people and their families face when coping with serious, chronic or life-limiting illnesses.
Pictured left to right. Henry Moore, JR , Brenda Hackett, Jerri Rule, Yvette Gillespie, Jackline Tabe-Ayuk, Stacy Knight, Larci Byrd, Kathy Pine
Clarksville’s Convenient Car Care Inc. opens Valvoline Complete Car Care Center
Clarksville, TN – Clarksville based Convenient Car Care Inc. has announced the opening of the Valvoline Complete Car Care Center, at 2516 Wilma Rudolph Boulevard. In an effort to provide a more convenient location for all of their automotive products and services, Candace Ursery, President of Convenient Car Care Inc. said the opening of their new facility would better serve their customers, and provide more products and services at one location.
“We have partnered with Valvoline to launch this new automotive service center, and expect that our customers will enjoy being able to get all of the automotive service needs met at one location. We think that being a one-stop shop for anything from an oil change to transmission repair will be something that the consumer will appreciate and depend on” said Ursery.
Valvoline Complete Car Care 2516 Wilma Rudolph Blvd (Michael Rios Clarksville Online)
Clarksville Weekly Market Snapshot from Frazier Allen for the week of April 22nd, 2014
Clarksville, TN – Stock market participants seemed only mildly concerned about escalating tensions in Ukraine, but were encouraged by comments from Fed Chair Janet Yellen. Yellen suggest that the Fed would respond to significant, surprising changes in the outlook for growth, inflation expectations, or financial conditions.
Short-term interest rates aren’t going to be raised for a while, but the first increase in rates could be pushed out if the Fed remains short of its goals (full employment, 2% inflation).
Frazier Allen
Dollar General celebrates Grand OPening of new Store in Clarksville, Saturday
Goodlettsville, TN – Dollar General will celebrate the opening of its new location at 898 Hwy 76 in Clarksville this Saturday, April 19th at 8:00am with free prizes and special deals. Dollar General will offer Clarksville residents a convenient new place to shop for everyday essential at low prices.
Additionally, the first 50 adult shoppers at the store will receive a $10.00 Dollar General gift card and the first 200 shoppers will receive a Dollar General tote bag, among other giveaways. [Read more]
