Weekly Economic Update: December 11, 2017

Weekly Economic Update
December 11, 2017
The Markets (as of market close December 8, 2017)
Last week proved to be a mixed bag of market returns as the large caps of the Dow and S&P 500 posted moderate gains, while the tech-heavy Nasdaq and small caps of the Russell 2000 closed the week down. A stronger than expected jobs report may have helped push the Dow and S&P 500 to positive territory by last Friday. Global stocks climbed on news of an agreement between the UK and the European Union, which will allow negotiations on other issues, such as a trade agreement, to move forward.
The price of crude oil and gold continued their fall last week.
 Last Week’s Economic Headlines
  • November provided another strong month for new job hires, according to the latest report from the Bureau of Labor Statistics.
  • According to the Census Bureau, the international trade deficit increased in October over September.
  • The non-manufacturing (services) sector accelerated in November, but at a slower pace than in October. According to the Institute for Supply Management, the pace of growth slowed in business activity, new orders, employment, and prices.
  • In the week ended December 2, the advance figure for initial claims for unemployment insurance decreased slightly from the previous week’s level
Eye on the Week Ahead
This week, the Federal Open Market Committee formally meets for the final time in 2017 under Chairperson Janet Yellen. Some observers predict the FOMC will raise the federal funds rate by 25 basis points to a range of 1.25%-1.50%. The target range hasn’t reached 1.50% since the end of October 2008.
Estate Planning:
 Asset Protection
With Guest Speaker:
Gary Greenwald Esq.
Tuesday, December 12, 2017
11:45 AM – 1:00 PM
Lunch to be provided

You CAN’T take it with you, but you CAN protect it from “the Bad Guys.”

Presented by:
Sandy Hornor
Managing Director,
Wealth Managment
Gary Greenwald, Esq. 
Sign up today!
Space is Limited!
Baltimore-Washington Financial Advisors and Gary Greenwald, Esq. invite you to a round table discussion on asset protection  for surviving spouses and children.
Topics to Include:
  • If your spouse survives you, to whom do you want your assets to ultimately pass – to your children or to their new step parent?
  • If your spouse survives you, would you like to shield the assets you leave him or her from creditors?
  • After you and your spouse die, would you like the assets you left to a child who dies to ultimately pass to your grandchildren or to your son-in-law or daughter-in-law?
Come join us as we discuss these issues and much more!
Maximizing Your Retirement Benefits 
Thursday, December 14, 2017
5:00 PM – 6:30 PM
Are your retirement benefits working for you?
Seminar Location:
Applied Physics Lab-
 Howard County Rooms
Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management


Thad Ismart, 
Sign up today!
Limited seating available!
Baltimore-Washington Financial Advisors will lead a discussion on maximizing your retirement benefits, including a discussion on the Mega Back Door Roth contribution.
Topics to include:
  • The differences between Traditional and Roth contributions
  • Positioning your assets before you retire
  • Reducing your taxes during retirement
  • Extending the life of your financial assets
  • Creating tax planning flexibility during retirement
  • Roth conversions and Back Door Roth contributions
  • Mega Back Door Roth contributions
Come join us as we discuss these issues and more!
Alzheimer’s vs. Dementia- What is the Difference?
Friday, December 15, 2017
11:45 AM – 1:00 PM
Lunch to be provided
Special Guest Speakers:
Steve Elville and Penny Graf
Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management
Penny Graf LCSW-C,
Steve Elville, Esq.
Elville and Associates
Sign up today!
Baltimore-Washington Financial Advisors, Elville and Associates and Ferretto Eldercare Consulting, invite you to theis interactive seminar on “The Differnce Between Dementia and Alzheimer’s”
Topics to Include:
  • Many types of Dementia’s – No Once Size Fits All
  • A thorough medical evaluation is key
  • Gather a team
Come join us as we discuss these issues and more!
BWFA is looking for college students with an interest in the financial services. 
Presented by:
Rob Carpenter
President and CEO
Meghan Manas
Director of Client Services
Townsend Hornor, Jr.
Managing Director,
Wealth Management
Thad Ismart, 
Rachel Duncan
Tax Advisor
Register today!!!
 Please email Eve Kennedy for further information


Do you have a family member or friend who is in college and taking an interest in the various fields the financial services have to offer?
 If so…
Baltimore-Washington Financial Advisors invites your college student to an interactive workshop on the internship opportunities available at BWFA.

Topics to include:
  • Overview of Financial Services
  • Tax Planning
  • Financial Planning
  • Customer Service
  • Investment Portfolio Management
  • Business Services
  • Marketing
Please come prepared with copies of your resume! We will be scheduling interviews after the presentation.

Click Here to Read Our Current Magazine