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Weekly Economic Update
July 17, 2017
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The Markets (as of market close July 14, 2017)
With consumer prices holding steady, inflation appears to be stagnant, which bodes well for the Fed holding interest rates at their current level. This may have prompted investors to sell long-term bonds as prices dropped, hiking yields higher last week. This is yet another contributing factor to the continued positive movement we are seeing from the major stock indices.
Crude oil and gasoline both posted gains for the week after persistent erosion over the recent weeks and months.
Last Week’s Economic Headlines
- In a sign that inflation is weakening, the prices consumers pay for goods and services, as measured by the Consumer Price Index, were unchanged in June compared to May.
- The prices producers received for their goods and services (as measured by the Producer Price Index) increased very slightly in June.
- Retail sales fell a bit in June, indicating consumers have apparently curtailed their spending.
- The federal deficit expanded in June which has a direct impact on the yields on government securities, which the government sells to provide necessary funds to meet its expenses. The more government notes and bonds that are issued, the lower the price and higher the yield. The yield on government securities can impact other interest bearing securities as well.
- According to the Federal Reserve’s monthly report, industrial production rose in June for its fifth consecutive monthly increase.
- According to the latest Job Openings and Labor Turnover report from the bureau of Labor Statistics, the number of job openings decreased.
BWFA Eye on the Week Ahead
There isn’t much available in terms of economic indicators this week. One report worth noting focuses on import and export prices in June. An indicator of inflation in products traded globally, the Import and Export Price Indexes impacts bond prices and equity markets, particularly when importing inflation rises, which often leads to bond and stock prices decreasing.
We will continue to look closely at market valuations, but more importantly, at the specific sectors and the companies we are invested in, for long term indications as we consider adjustments for clients going into the second half of the year and beyond.
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The Difference Between Alzheimer’s and Dementia with Special Guest Speaker Mary Faith Ferretto
Thursday, July 20, 2017
11:45 AM -1:00 PM
Lunch will be provided
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*Registration Closed*
If interested, please email
Presented by:
Managing Director,
Wealth Management
Mary Faith Ferretto
LCSW-C, C-ASWCM
Ferretto Eldercare
Steve Elville, Esq.
Principal
Elville and Associates
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Baltimore Washington Financial Advisors invites you to a discussion on:
- Many types of dementia’s – No one size fits all
- A thorough medical evaluation is key
- Gather the team
Come join us as we discuss these issues and more!
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Selecting your State of Residence in Retirement
Tuesday, July 25, 2017
6:00 PM – 7:30 PM
Dinner will be provided
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*Registration Closed*
If interested, please sign up for the next seminar on this topic to be held on Tuesday, August 29, 2017
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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!
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Identity Theft: Are You Protecting Your Most Valuable Asset?
Thursday, August 17, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Presented by:
Managing Director,
Wealth Management
Ananta Hejeebu
Partner
Howard Tech Advisors
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Baltimore-Washington Financial Advisors invites you to a discussion on identity theft.
In 2015 $15 Billion was stolen from 13.1 million U.S. consumers. What will identity theft cost you?
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!
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Selecting an Assisted Living Facility/Community with Elville and Associates
Tuesday, August 22, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Presented by:
Managing Director,
Wealth Management
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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!
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