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Weekly Economic Update
May 22, 2017
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The Markets (as of market close May 19, 2017)
A rally late last week pulled equities higher, but not enough to overcome a midweek tumble. Only the Global Dow posted a slight gain by last week’s end, as the other generally watched indexes lost value. Possibly shaken by continuing controversy between Russia and the White House, investors appeared to move somewhat from equities to bonds, with the yield on 10-year Treasuries falling 9 basis points from the previous week while dropping over 20 points year-to-date.
Last Week’s Headlines
- The pace of new home construction took a step back in April, according to the Census Bureau.
- According to the Federal Reserve, industrial production advanced in April for its third consecutive monthly increase and its largest gain since February 2014 and despite some gainers and losers, total industrial production in April was 2.2% above its year-earlier level.
- For the week ended May 6, there were 1,898,000 receiving unemployment insurance and this is the lowest level for insured unemployment since November 5, 1988 what the number insured unemployed was the same.
Eye on the Week Ahead
The first-quarter GDP report based on updated information is released this week. The initial report in April revealed lackluster economic growth for the start of 2017. The latest figures on durable goods orders, which are included in the GDP computation, are also available this week. Both of these reports are good indicators of the relative strength of the economy through the first part of 2017.
The overseas U.S. presidential trip might add additional intrigue for the U.S. markets, as well as for the other world markets.
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Selecting Your State
of Residence
Tuesday, June 6, 2017
6:00 PM – 7:30 PM
Dinner will be provided
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Presented by:
Managing Director,
Wealth Management
Thad Ismart,
CFP®
Senior Financial Planner
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Baltimore-Washington Financial Advisors invite you to attend a discussion on where you will live in retirement.
- What state is best?
- How much will it cost to stay in Maryland?
- Should you purchase or rent?
Come join us as we discuss these topics and more!
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What is Your
Retirement Number?
Tuesday, June 13, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Presented by:
Managing Director,
Wealth Management
Thad Ismart,
CFP®
Senior Financial Planner
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Baltimore-Washington Financial Advisors invites you to a discussion on what do you need for the rest of your life, and what will it cost?
- Have you saved enough for retirement?
- Can you retire?
- How do you manage yourinvestment return in retirement?
Come join us as we discuss these topics and more!
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Asset Protection:
You Can’t Take it With You,
but You Can Protect it From
“The Bad Guys”
Thursday, June 15, 2017
6:00 PM – 7:30 PM
Dinner will be provided
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Presented by:
Managing Director,
Wealth Management
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Join BWFA and guest speaker, Gary Greenwald, for a round table discussion on asset protection for surviving spouses and children.
- If your spouse survives you, would you like to shield the assets you leave him or her from creditors?
- Is your child good at handling money?
- If your child inherited your assets, are you concerned that the inheritance will be spent quickly?
Join us as we discuss these topics and more!
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Retirement Planning:
The 5 Years Before You Retire
Tuesday, June 27, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Presented by:
Managing Director,
Wealth Management
Thad Ismart,
CFP®
Senior Financial Planner
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Will you be prepared to retire?
Join BWFA as we discus Emily Guy Birken’s book, The 5 Years Before You Retire: Retirement Planning When You Need it the Most.
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BWFA Sponsors Columbia’s 50th Birthday Summer Concert
Wednesday, June 21, 2017
7:00 PM – 9:00 PM
Downtown Columbia
The New Chrysalis at
Merriweather Post Pavilion
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Salute to John Williams, highlights from The Music Man, hits by the Beatles, a piece written for Columbia by Morton Gould, and the ultimate outdoor classic: the 1812 Overture! Come sing “Happy Birthday” to great city with a great orchestra.
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