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Timely advice & commentary about investing, taxes, financial planning and more.


Washington Trust
Washington Trust
Washington Trust's Blog

Economic and Financial Market Review & Outlook-Winter 2019
By Washington Trust / January 28, 2019
With apologies to Charles Dickens, 2018 was the “best of times and the worst of times”. The U.S. economy apparently grew at its fastest pace since 2005. (We don’t know for sure as the Bureau of Economic Analysis was shuttered due to the impasse in Washington, although the Bureau of Labor Statistics has remained open.) For the full year 2018, we estimate that GDP advanced just over 3%. The S&P 500 index, on the other hand, fell by 4.4%, posting its first negative return in a decade. Benchmarks for smaller capitalization stocks and foreign shares suffered double digit declines. Bonds managed to finish the year essentially flat, erasing earlier losses.

Market Brief: Big Picture Generally Positive Despite Market Selloff
By Washington Trust / December 7, 2018
Uncertainty regarding the trajectories of both U.S. monetary policy and U.S./China trade negotiations continue to weigh on the U.S. and global financial markets. The S&P 500 price level has retreated towards a 52-week low while volatility has advanced towards a 52-week high, and the U.S. Treasury yield curve has moved closer to inversion1, a condition that has often been a predictor of a recession, although those recessions have typically followed the inversion by approximately two years.

By Washington Trust / October 12, 2018
The S&P 500 Index has dropped nearly 7% from its all-time closing high on September 20th. Washington Trust Wealth Management shares some thoughts on the equity market pullback.

Creating an End-of-Life Plan to Help Avert Family Conflict
By Washington Trust / May 29, 2018
Family conflict after a loved one passes can often be avoided through open communication and preemptive planning to help ensure that everyone is on the same page

Spring 2018 Perspectives and Planning: Economic Outlook
By Washington Trust / April 13, 2018
There are no major changes to our forecast. The U.S. economy remains in solid shape and we maintain our call for real GDP to expand at a 2.5% to 3.0% pace in 2018 with the upper end of this range now looking more likely. Inflation is gradually accelerating and is likely to hit the Federal Reserve target of 2.0% (as measured by core PCE) this year as the Fed now concedes. Hiring continues to be robust and we acknowledge that job creation could exceed our 1.8 million estimate. As such, we expect a rebound in consumer spending after sluggish growth in the first quarter.

Maximizing Your Options for IRA Fee Payment – What’s New
By Washington Trust / April 13, 2018
The recently enacted Tax Cuts and Jobs Act, signed into law on December 22, 2017, makes numerous changes to the rules governing taxation of individuals. One of these changes is the elimination of all miscellaneous itemized deductions, which currently include IRA management fees. If you are an individual paying your IRA fees from non-IRA assets in order to obtain a tax deduction annually, you may want to reconsider this strategy going forward.

By Washington Trust / February 12, 2018
Recently, Kent Gladding, Chief Investment Strategist, and Peter Phillips, Chief Investment Officer, presented their Financial Market Outlook for Winter 2018.

Tax Reform: A New Era Commencing in 2018
By Washington Trust / January 18, 2018
It’s official! On December 22, 2017, President Donald J. Trump signed a tax reform bill with a variety of tax cuts and changes effective in 2018. Some key provisions within the new legislation are highlighted below to help you recognize planning opportunities that may benefit your own financial situation.

Perspectives & Planning: 2018 Economic & Market Outlook
By Washington Trust / January 18, 2018
The U.S. economy entered 2017 in a sweet spot and exited the year in an even stronger position. Job creation remained strong, surpassing expectations and driving unemployment to a 17‐year low of 4.1%. With the labor market tight and incomes rising, consumers were spending. Consumption rose nearly 3% in 2017 and while gains may not be as robust this year, consumer spending should increase close to 2.5%. In addition to hiring, businesses also invested in plant and equipment as capital expenditures finally took off. With corporate profits surging, this trend could also persist. Finally, while housing statistics were erratic in 2017, the year ended on a firm note and residential construction should be buoyed by favorable demographics and a severely under supplied market.

Q4 2017 Financial Market Outlook Webinar
By Washington Trust / October 31, 2017
A video review and update of the financial market outlook for Q3 2017.

The opinions expressed in this blog are those of the author and may not reflect those of Washington Trust Wealth Management. The information in this report has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Any opinions expressed herein are subject to change at any time without notice. Any person relying upon this information shall be solely responsible for the consequences of such reliance. Performance is historical and does not guarantee future results.

Such information does not constitute legal or professional advice as all situations are unique and are based on individual facts and circumstances.

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Weston Financial and Halsey Associates are subsidiaries of The Washington Trust Company.

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