The Week Ahead – Maniac Monday

Investments & Economy The Week Ahead Grow

The Week Ahead – Maniac Monday

Andrew Chan, CAIA, Co-Chief Investment Officer

| 7/9/18 7:53 AM

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Welcome to “The Week Ahead” where we take a moment to provide our thoughts on what we can expect in markets and the economy during the upcoming week.

Maniac Monday is upon us – tennis fans rejoice! The Championships, Wimbledon (better known as just Wimbledon), is the world’s oldest tennis tournament and one of the four Grand Slams. The second Monday of the tournament is known as Maniac Monday, a day where all 16 remaining players from both the men’s and women’s draws are scheduled to play (along with men’s doubles, women’s doubles, and mixed doubles)! That’s a whole lot of tennis for one day! If a yellow tennis ball isn’t your thing (and yes, technically they’re yellow, not green) we’ll also be spoiled with an all Europe final four for the World Cup as France takes on Belgium followed by England versus Croatia. While the U.S. hasn’t done too well in soccer, looking at Wimbledon both the U.S. men and women have dominated the Open Era, with the ladies winning a dominant 29 titles and the men winning 15!

Inflation via a CPI reading will be the highlight in the week ahead along with the Fed releasing its semi-annual Monetary policy report to Congress on Friday. Given the Fed also released the FOMC minutes last week (relatively dovish, all things considering) it will be interesting to see how much trade war talk will be addressed in the report to congress. It’s clearly on the Fed’s mind (along with the rest of us!). Hopefully Maniac Monday doesn’t cross over from the tennis courts to the investment markets!

Data deck for July 7 – July 13:

Date	Indicator	Period
July 9	Consumer Credit	May
July 10	NFIB Small Business Optimism	June
July 10	JOLTS Job Openings	May
July 11	Producer Price Index (Month over month)	June
July 11	Wholesale Inventories	May
July 12	Initial Jobless Claims	----
July 12	Consumer Price Index (Month over month)	June
July 12	Import Price Index	June
July 13	University of Michigan Sentiment Index	July
July 13	Monetary Policy Report to Congress	----

IMPORTANT DISCLOSURE INFORMATION

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Andrew Chan, CAIA, Co-Chief Investment Officer

About the Author

Andrew Chan, CAIA, Co-Chief Investment Officer

Mr. Chan co-leads the strategic investment committee and is responsible for overseeing First Foundation Advisor’s investment solutions platform which includes conducting investment manager research for both traditional and alternative investments as well as asset allocation guidance for portfolio construction. As a member of the investment committee, he provides market commentary and investment insights to clients. Additionally, Mr. Chan serves as a senior executive on the business strategy committee providing guidance on firm wide initiatives. With over 15 years of wealth management experience, Mr. Chan has played key roles across various aspects of investment and wealth management. Prior to joining First Foundation Advisors, Mr. Chan was most recently a portfolio manager at U.S. Trust where, in addition to his daily responsibilities, he served on numerous national committees including the investment manager committee, the portfolio model committee, and the strategic technology committee. He also served on the in-house strategic consultant committee reporting directly to the President of U.S. Trust. Mr. Chan is a graduate of the Wharton School Executive Program on Investment Management and holds a Bachelor of Arts degree in Business Administration from the University of California, Riverside. He is a Chartered Alternative Investment Analyst (CAIA). Mr. Chan has previously served as an exam working group member and as an exam grader for CAIA. A member of the CAIA SoCal Executive Board since 2015, Mr. Chan has served as executive chapter head since 2017. Read more