fbpx

Weekly Economic Update: August 14, 2017

Weekly Economic Update
August 14, 2017
The Markets (as of market close August 11, 2017)
Investors may have been disturbed by the rising tensions between the United States and North Korea last week, resulting in a shift from stocks to long-term bonds. The Dow, which had surged to a new record high the prior week, sunk over 1.0% last week, while the large-cap S&P 500 fell almost 1.5% following some less than stellar second-quarter corporate earnings reports. Once again, the biggest drop was felt by the small-cap Russell 2000, which suffered the largest weekly decline of the major indexes and has lost most of its year-to-date gains. On the other hand, demand for 10-year Treasuries increased, sending yields to their lowest level since June.
Last Week’s Economic Headlines
  • According to the Job Openings and Labor Turnover report for June, the number of job openings increased to 6.2 million.
  • The monthly federal government budget deficit was $43 billion in July on the heels of a June deficit of $90 billion.
  • There continues to be little upward movement in consumer prices. The Consumer Price Index rose slightly in July following no movement in June.
  • Dwindling inflationary pressure has been the theme over much of 2017, and the latest figures from the Producer Price Index, showing a slight decline in July, continue that trend.
  • In the week ended August 5, the advance figure for seasonally adjusted initial claims for unemployment insurance increased a bit from the previous week’s revised level.
BWFA Eye on the Week Ahead
 
July’s report on housing starts is out this week. The housing market has been up and down so far this year, with low inventory and rising prices discouraging would-be home shoppers. However, housing starts and building permits were up in June – a trend builders and homebuyers would like to see continue in July. Another report released this week, the Treasury’s Industrial Production Index, not only shows how much factories are producing, but it also measures how much factory capacity is in use.
We continue to focus at BWFA on growth oriented companies at a value-in what we deem to be the right areas of the economy.  Despite the recent flight to long term bonds, we remain more interested in alternative income securities when generating yield and creating balance in clients’ portfolios.
Have a great week!

In 2015 $15 Billion was stolen from 13.1 Million U.S. Consumers. What will Identity Theft cost you? 

Identity Theft: Are You Protecting Your Most Valuable Asset?
Thursday, August 17, 2017
11:45 AM – 1:00 PM
Lunch will be provided
 


 

Only 2 Seats Left!

Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management
Ananta Hejeebu
Partner
Howard Tech Advisors  
Baltimore-Washington Financial Advisors invites you to a discussion on identity theft.
Topics to include:
  • What is identity theft?
  • What are the risks?
  • How does identity theft happen?
  • What to do if your identity has been stolen
  • How to be proactive to prevent identity theft?
Come join us as we discuss these issues and more!
Selecting an Assisted Living Facility/Community with Elville and Associates
 
Thursday, August 24, 2017
11:45 AM – 1:00 PM
Lunch will be provided


Only 13 Seats Available!

Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management
Steve Elville
Principal
Elville & Associates 
Baltimore-Washington Financial Advisors invites you to this interactive workshop on “Selecting an Assisted Living Facility/Community.”
Topics to include:
  • Broad overview of assisted living options
  • Challenges associated with downsizing
  • Cost, amenities, financial stability and quality of care
  • Reputation, residents rights, estate planning consideration
  • Long-term care skilled nursing concerns
  • Estate planning considerations
Come join us as we discuss these issues and more!
Selecting your State of Residence in Retirement
 
Tuesday, August 29, 2017
6:00 PM – 7:30 PM
Dinner will be provided
**SOLD OUT**
If you would like to be put on the wait list, please email Eve Kennedy at ekennedy@bwfa.com
 
OR
 
Next session to be held on 
Tuesday, September 19, 2017
11:45 AM – 1:00 PM
 
 
Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management

Thad Ismart,  

CFP®

 
Senior Financial Planner

Baltimore Washington Financial Advisors invites you to a discussion on:
  • What state is best?
  • How much will it cost to stay in Maryland?
  • How to decide where you will retire
  • Should you purchase or rent?
  • Healthcare costs by state
  • Differences in state and local income taxes
  • Estate planning and estate taxes by state
  • Property and sales tax by state
  • Cost of living by state
Come join us as we discuss these issues and more!
What Happens When a Loved One Passes Away?
 
Thursday, September 7, 2017
11:45 AM – 1:00 PM
Lunch will be provided
 
Limited Seating Available!
 
Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management

Gary Greenwald, Esq.

Attorney
Baltimore Washington Financial Advisors invites you to a discussion on:
  • What are the first things we should do?
  • What happens if he/she has done no estate planning?
  • What do you do with his/her will or trust?
  • Should I continue to pay his/her bills?
  • What should you do with his/her home?
  • What is involved in settling a will or trust?
  • Can a will or trust be contested?
Come join us as we discuss these issues and more!
PART ONE: The Difference Between Alzheimer’s and Dementia with Guest Speaker Penny Graf
Tuesday, September 12, 2017
11:45 AM – 1:00 PM
Lunch will be provided
 
PART TWO: Corporate Trust Services
With Special Speaker Steve Elville
Thursday, September 28, 2017
11:45 AM – 1:00 PM
Lunch will be provided
Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management

 

Steve Elville, Esq. 
Principal
Elville and Associates
 
Penny Graf LCSW-C, 
C-ASWCM, OSW-C
 Eldercare 
 
Part One
Part Two
 
We Encourage you to register early for one of both sessions!! Spots will fill up quickly!
Baltimore Washington Financial Advisors, Elville and Associates along with Ferretto Eldercare Consulting, invite you to this interactive, 2 -part Seminar Series on “Alzheimer’s vs. Dementia” and  “How Corporate Trust Services could benefit you”
Topics Included in Part One:
  • Many types of dementia’s – no one size fits all
  • A thorough medical evaluation is key
  • Gather the team
Topics included in Part Two:
  • What is a Personal Trust?
  • What are some reasons to consider appointing a corporate trustee?
  • What should you be concerned about “successor trustee risk?”
Come join us as we discuss these issues and more!
Social Security & Planning
 
Thursday, September 14, 2017
6:00 PM – 7:30 PM
Dinner will be provided


Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management

Thad Ismart,   

CFP®

  
Senior Financial Planner

Baltimore Washington Financial Advisors invites you to a discussion on:
  • How work, age, and marital status affect your benefits
  • Synchronizing spousal benefits
  • Minimizing taxes on your benefits
  • Integrating social security with other retirement income
Come join us as we discuss these issues and more!
Selecting your State of Residence in Retirement
 
Tuesday, September 19, 2017
11:45 AM – 1:00 PM
Lunch will be provided
Sign up today and secure your spot!!!
 
Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management

Thad Ismart,  

CFP®

 
Senior Financial Planner

Baltimore Washington Financial Advisors invites you to a discussion on:
  • What state is best?
  • How much will it cost to stay in Maryland?
  • How to decide where you will retire
  • Should you purchase or rent?
  • Healthcare costs by state
  • Differences in state and local income taxes
  • Estate planning and estate taxes by state
  • Property and sales tax by state
  • Cost of living by state
Come join us as we discuss these issues and more!

What You Need to Know About Retirement –   

Before You Retire
 
Tuesday, September 21, 2017
06:00 PM – 7:30 PM
Dinner will be provided
Sign up today and secure your spot!!!
 
Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management

Thad Ismart,  

CFP®

 
Senior Financial Planner

Baltimore Washington Financial Advisors invites you to a discussion on:
  • Avoiding the common mistakes
  • Have you saved enough?
  • Creating a vision- where will you live, what will you be doing, who will you live near?
  • Evaluating your retirement savings
  • Social Security
  • Healthcare options/choices
  • Creating a retuirement paycheck
  • Tax implications
  • Asset Allocation Strategies for retirement
Come join us as we discuss these issues and more!
Facebook
Twitter
Pinterest