The Week Ahead – Surprise!

Investments & Economy The Week Ahead Grow

The Week Ahead – Surprise!

Andrew Chan, CAIA, Co-Chief Investment Officer

| 2/5/18 9:15 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.

Fly Eagles Fly! Congratulations to the Philadelphia Eagles for winning their first Super Bowl. Not only were we surprised by the Super Bowl winner (except for all you die hard Philly fans!) but we saw a surprise showing of volatility. First, early in the week as emerging markets sold off as investors took profits in the high flying ANTS. Then on Friday as fears of inflation rattled investors. Hawkish Fed posturing and a strong wage growth report had many investors thinking that they may have underestimated inflation expectations.

The week ahead is relatively light in terms of economic data. Given the recent volatility we encourage you to read our Market Action Update that provides some perspective on the recent market movement.

Data deck for February 3 – February 9:

Date	Indicator	Period
February 5	ISM Non-Manufacturing	January
February 6	Trade Balance	December
February 7	Consumer Credit	December
February 8	Initial Jobless Claims	----
February 9	Wholesale Inventories	December

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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