Weekly Market Snapshot from Frazier Allen for the week of May 26th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The financial markets were confused by the April 30th – May 1st FOMC minutes, which noted that “a number of participants expressed willingness to adjust the flow of purchases downward as early as the June meeting if the economic information received by that time showed evidence of sufficiently strong and sustained growth.”
That’s not a majority view. In his testimony before the Joint Economic Committee, Fed Chairman Bernanke gave a balanced assessment but strongly suggested that monetary policy would unlikely be changed anytime soon. Bernanke told Congress that it was doing fiscal policy wrong, significantly restraining the pace of recovery in the near term, while doing little to address the long-term problems in the budget outlook. Stocks sold off sharply following the FOMC minutes, but recovered. [Read more]
Clarksville Country Inn & Suites Awarded Certificate of Excellence
Clarksville, TN – TripAdvisor.com, one of the largest online travel sites in the world, recently awarded Clarksville’s Country Inn & Suites, by Carlson, with a 2013 Certificate of Excellence.
This prestigious award recognizes the top ten percent of high-performing businesses worldwide on TripAdvisor.com. In order to receive this honor, Country Inn & Suites had to consistently earn high ratings from TripAdvisor.com travelers. [Read more]
Premier Medical Welcomes Dr. Gale E. Jackson to Doctors’ Group Practice
Clarksville, TN – Premier Medical Group is pleased to announce the addition of Dr. Gale Jackson to their family medicine department.
Dr. Jackson studied at Tennessee State University and earned his medical degree from the University of Tennessee, Memphis College of Medicine. He completed his family medicine residency at St. Francis Family Medicine Residency Program in Midlothian, Virginia.
Dr. Gale E. Jackson
BLF Marketing Hires Amy Zink
Clarksville, TN – Amy Zink has joined BLF Marketing as an account manager. With more than 15 years experience in feature writing, graphic design and marketing coordination, Zink is originally from Billings, MT, and received a bachelor’s degree from North Dakota State University with a double major in English Writing and Political Science.
Amy Zink
Weekly Market Snapshot from Frazier Allen for the week of May 19th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic data reports were expected to be a series of tough hurdles for the stock market, but they ended up more like minor speed bumps. Share prices continued to rally broadly. The bond market was volatile, as investors debated when the Fed may begin to taper its asset purchases.
Retail sales results for April were better than anticipated – not strong, but not as bad as feared. Industrial production was weaker than expected. Residential construction figures were mixed, reflecting a high degree of volatility in the multi-family sector and continued strength in single-family homebuilding. [Read more]
Red Knight Distribution receives Clarksville-Montgomery County Green Certification
Montgomery County, TN – Red Knight Distribution, the operations center for Furniture Connection and Furniture 123 in Clarksville, is the latest company to become Clarksville-Montgomery County Green Certified.
Prior to their recent green ribbon cutting, Red Knight Team Member Ashleigh Sympson explained that owner David Berggren saw the benefits in constructing an energy efficient building and said the building was made to be efficient.
Red Knight Distribution Green Certification Ribbon Cutting
Weekly Market Snapshot from Frazier Allen for the week of May 12th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic calendar was thin. Jobless claims remained low, consistent with a low level of job destruction. However, the March JOLTS data (that’s the Job Openings and Labor Turnover Survey) continued to show relatively low rates of hiring and quits. Fed Chairman Bernanke spoke in some detail about how the Fed is monitoring the financial system for vulnerabilities.
One concern is that accommodative monetary policies could lead to excessive risk-taking. Bernanke said the Fed is watching for that, but he did not say whether it is currently seeing it. China indicated that it would move to free up capital flows into and out of the country. That’s one step toward eventually become an important global currency (although there is a long way to go) and will likely lead to a strengthening of the currency in the near term. Treasury reported a large budget surplus for April, implying a smaller-than-expected deficit for FY13. [Read more]
F&M Bank Names Joe Snyder, Chief Information Officer
Clarksville, TN – Joe Snyder has been named to the position of Chief Information Officer and Senior Vice President at F&M Bank.
“Joe has over 15 years of IT experience in the financial services industry. He is a skilled IT project manager providing leadership in strategic planning, IT infrastructure design, data warehousing network administration, and inventory and operations management,” stated Sammy Stuard, President and CEO.
Joe Snyder
First Advantage Bank launches Small Business Lending Division to meet growing Local Demand
Aggressive Bank Expands Niche Offerings in Nashville Commercial Lending Office
Nashville, TN – First Advantage Bank continues to expand its array of commercial products and services in Nashville with the launch of a small business lending division.
The group is led by local veteran business banker and SBA specialist Michael Croom and will provide SBA loans and other customized lending services for Nashville area small businesses.
SBA specialist Michael Croom
Stone, Rudolph & Henry Achieve Clarksville-Montgomery County Green Certification
Montgomery County, TN – Stone, Rudolph, & Henry, PLC, a full service accounting firm in Clarksville, celebrated their Clarksville-Montgomery County Green Certification with a Green Ribbon Cutting Ceremony on Thursday, May 2nd.
After cutting the ribbon, Montgomery County Mayor Carolyn Bowers kicked off the conversation by saying “Tell us what you all did to earn the certification.”
Green Ribbon Cutting Ceremony for Stone, Rudolph & Henry
