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Weekly Economic Update
October 30, 2017
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The Markets (as of market close October 27, 2017)
Strong third-quarter corporate earnings and an expanding gross domestic product helped push the S&P 500 and Nasdaq, and to some extent the Dow 30, higher last week. While technology stocks led the way, health-care shares didn’t fare as well, pushing the small-cap Russell 2000 to a small end-of-week loss. A fading euro may have impacted the Global Dow, which fell off a bit by last week’s end. Positive economic signs also affected the bond market, which saw the yield on 10-year Treasuries reach its highest level since March. The price of crude oil (WTI) was up from the prior week. The price of gold (COMEX) dropped.
BWFA continues to favor the technology, healthcare and financial sectors-while remaining cautious of long term bonds as well as the utility and energy sectors.
Last Week’s Economic Headlines
- The first estimate of the third-quarter gross domestic product showed economic growth at an annual rate of 3.0%. Positive contributions came from consumer as well as business spending, exports, and federal government spending.
- Good news on the manufacturing front as new orders for durable goods gained.
- The number of sales and average selling prices of new homes soared in September.
- The trade in goods deficit increased just slightly in September.
- In the week ended October 21, the advance insured unemployment rate remained 1.3
Eye on the Week Ahead
The Federal Open Market Committee is expected to raise interest rates this week as inflation and economic growth seem to be moving upward. The jobs report for October is out at week’s end. September saw the number of new jobs decrease for the first time in several months. That trend is expected to be short-lived.
Economic news is very solid; only to be drowned out by the drum beat of political news. BWFA is monitoring the long term effects of all the political and economic events on our clients’ investments.
Have a great week!
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Internship Open House
Thursday, December 28, 2017
11:30 AM – 1:00 PM
Lunch to be provided
Parents of College Students–
Will your child be home for winter break?
Help them prepare for the future by signing them up for our
Internship Open House!
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Rob Carpenter
President and CEO
Meghan Manas
Director of Client Services
Managing Director,
Wealth Management
Rachel Duncan
Tax Advisor
Sign your child up today!
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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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Elder Law:
Learn What Elder Law Attorneys are Advising Clients in 2017
With Guest Speaker
Steve Elville, Esq.
Tuesday, October 31, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Managing Director,
Wealth Management
Steve Elville, Esq.
Prinicipal
Elville and Associates
Only 5 seats remain!
Sign up today!
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Baltimore Washington Financial Advisors and Elville and Associates, invite you to this interactive workshop on “Elder Law.”
“Elder Law attorneys are not just lawyers, they are counselors.”
At this workshop, you will learn that Elder Law Encompasses many things such as:
- Planning for individuals and families who do not have taxable estates, but who are primarily concerned about the protection of the assets and addressing disability and long-term care issues
- Medical Assistance: Medicaid, long-term care planning, asset protection, nursing home and assisted living selection and placement
- Social Security issues, Veterans’ Benefits, Senior housing issues
- Powers of Attorney, Advance Medical Directives, wills, trusts and more
Come join us as we discuss these issues and more!
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What You Need to Know About Retirement-
Before You Retire
Wednesday, November 8, 2017
6:00 PM – 7:30 PM
Dinner to be provided
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Managing Director,
Wealth Management
Sign up today!
10 Seats Available!
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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 retirement paycheck
- Tax implications
- Asset Allocation strategies for retirement
Come join us as we discuss these issues and more!
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State of Residence in Retirement
Thursday, November 9, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Back by Popular Demand!!
Presented by:
Managing Director,
Wealth Management
Sign up today!
Limited Seating!
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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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Wellness Series Part 1:
Investing in Your Health
with Dr. Emily Telfair, N.D.
Wednesday, November 15, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Dr. Emily Telfair, N.D.
Naturopathic Medicine
Sign up today!
Limited Seating!
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New Seminar Series!
Baltimore Washington Financial Advisors invites you to a Wellness Seminar Series.
Topics to include:
- Strategies for the healthiest investment of “your wellness dollars.”
- Guidelines for using food as your medicine.
- Tips on how to reduce toxin exposures in your home.
- Self-care practices to age with grace and vitality.
Come join us as we discuss these issues and more!
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Estate Planning:
Protecting Your Bloodline
with Guest Speaker
Gary Greenwald, Esq.
Thursday, November 16, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Managing Director,
Wealth Management
Gary Greenwald, Esq.
Spaces are limited!
Sign up today!
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Baltimore Washington Financial Advisors and Gary Greenwald Esq. invite you to this interactive workshop on “How to protect your bloodline.”
At this workshop, you will learn to:
- If you die first, how you can make sure that the assets you leave your spouse are beyond the reach of his or her next spouse?
- After you and your spouse die, how can you make sure that your assets do not get distributed to your no good son in law or daughter in law (a crowd favorite)!
- How can you make sure that the assets you leave your children are managed in sucha a way that there is something left for your grandchildren?
Come join us as we discuss these issues and more!
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Roth vs. Traditional IRA
Tuesday, November 21, 2017
11:45 AM – 1:00 PM
Lunch to be provided
Back by Popular Demand!!
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Managing Director,
Wealth Management
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Roth IRA’s and 401(k)s can be extremely beneficial for retirement investors. This BWFA workshop will show you how to take advantage of both of them.
This discussion will include:
- Positioning your assets before you retire
- Reducing your taxes during retirement
- Extending the life of your financial assets
- Creating tax planning flexibility during retirement
Come join us as we discuss these issues and more!
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Social Security and Planning
Tuesday, November 28, 2017
11:45 AM – 1:00 PM
Lunch to be provided
Back by Popular Demand!!
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Managing Director,
Wealth Management
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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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Charitable Giving & Philanthropy, Endowments and Foundations
Thursday, December 7, 2017
11:30 AM – 1:00 PM
Lunch to be provided
What Will Your Legacy Be?
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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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