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Weekly Economic Update
November 27, 2017
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The Markets (as of market close November 24, 2017)
Stocks rebounded last week in spite of the market shutting down for the Thanksgiving holiday. The major benchmark indexes posted weekly gains, led by the Russell 2000, which posted one of its largest weekly advances this year. The tech-heavy Nasdaq was next, followed by the Global Dow. The large caps of the S&P 500 and Dow enjoyed moderately strong returns.
The price of crude oil (WTI) rose from the prior and the price of gold (COMEX) fell from the prior week.
Last Week’s Economic Headlines
- Existing home sales continued to increase in October
- October saw new orders for long lasting (durable) goods slide following two consecutive monthly increases. Excluding transportation, new orders actually increased slightly.
- In the week ended November 18, the advance figure for initial claims for unemployment insurance decreased a bit from the previous week’s level.
Eye on the Week Ahead
The last week of November reveals some important economic information. The second report on the third-quarter GDP is out this week. The initial estimate in October showed the GDP increased at a 3.0% annualized growth rate. Also this week is the report on personal income and spending for October. This indicator of inflationary trends is one of the economic reports relied on by the Fed in determining whether to raise interest rates.
We hope everyone had a peaceful and safe Thanksgiving holiday.
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Charitable Giving & Philanthropy, Endowments and Foundations
Thursday, December 7, 2017
11:30 AM – 1:00 PM
Lunch to be provided
Are you a supporter of the Arts and looking to secure your legacy?
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Managing Director,
Wealth Management
Katherine Keefe
Executive Director
The Columbia Orchestra
Jason Love
Music Director
The Columbia Orchestra
Stephen R. Elville, Esq.
Principal
Elville and Associates
Beverly White-Seals
President & CEO
Community Foundation of
Howard County
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Baltimore-Washington Financial Advisors invites you to a round table discussion on charitable giving & philanthropy, endowments and foundations.
This discussion will include:
- Donor-Advised Funds
- Charitable Remainder Trusts
- Private Foundations
- Gifting Complex Assets
Come join us as we discuss these issues and more!
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Internship Open House
Thursday, December 28, 2017
11:30 AM – 1:00 PM
Lunch to be provided
Interns Needed !
BWFA is looking for college aged students who are interested in the field of financial services.
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Rob Carpenter
President and CEO
Meghan Manas
Director of Client Services
Managing Director,
Wealth Management
Rachel Duncan
Tax Advisor
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Does your child have an interest in learning more about financial services?
Baltimore-Washington Financial Advisors invites your college student to an interactive workshop on internship opportunities.
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.
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Social Security and Planning
Tuesday, November 28, 2017
11:45 AM – 1:00 PM
Lunch to be provided
Registration is
still open!
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Managing Director,
Wealth Management
Only a few seats remain!
Sign up today!!
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Baltimore-Washington Financial Advisors invites you to this interactive workshop discussion on:
This discussion will include:
- 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!
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Identity Theft
Tuesday, December 5, 2017
11:45 AM – 1:00 PM
Lunch to be provided
Are you protected?
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Managing Director,
Wealth Management
Ananta Hejeebu
Partner
Howard Tech Advisors
Sign up today!
Space is Limited!
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Baltimore-Washington Financial Advisors and Howard Tech Advisors invite 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?
- 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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Exit Strategies for
Business Owners
With Guest Speaker:
Matthew Penater, Esq. of Elville and Associates
Wednesday, December 6, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Brian MacMillan
Managing Director
M & A, BWFA
Matthew Penater, Esq.
Partner
Elville and Associates
Sign up today!
Space is Limited!
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Baltimore-Washington Financial Advisors and Elville and Associates invite you to a seminar on Exit Strategies for Business Owners.
Topics to Include:
- Exit Strategies for a Single-Person Owned Business
- Buy-Sell Agreements
- Methods of Setting the Purchase Price
- Funding the Purchase
- Other Provisions
Come join us as we discuss these issues and more!
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Estate Planning:
Are you protected from
“The Bad Guys”?
With Guest Speaker:
Gary Greenwald Esq.
Tuesday, December 12, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Sandy Hornor
Managing Director,
Wealth Managment
Sign up today!
Space is Limited!
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Baltimore-Washington Financial Advisors and Gary Greenwald, Esq. invite you to a round table discussion on asset protection for surviving spouses and children. You can’t take it with you, but you can protect it from “The Bad Guys”.
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!
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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
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Managing Director,
Wealth Management
Penny Graf LCSW-C,
C-ASWCM, OSW-C
Eldercare
Steve Elville, Esq.
Principal
Elville and Associates
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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!
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Retirement:
What You Need to Know
Tuesday, December 19, 2017
11:45 AM – 1:00 PM
Lunch to be provided
Back by Popular Demand!!
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Managing Director,
Wealth Management
Sign up today!
Limited seating available!
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Baltimore-Washington Financial Advisors invites you to this interactive workshop discussion on:
This discussion will include:
- 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 retirement paycheck
- Tax implications
- Asset allocation strategies for retirement
Come join us as we discuss these issues and more!
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