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The Investment Committee of the Univest Wealth Management Division, under the direction of Timothy Chubb, Chief Investment Officer, recently met to review and update key performance indicators in order to chart its strategy for the remainder of the year. In the final quarter of 2018, the Committee expects to see a healthy U.S. economy and continued geopolitical uncertainty which may limit asset returns.
The following is the updated outlook as we head into the fourth and final quarter of 2018.
Every forecast is predicated on the information currently available and subject to the…
By:
Timothy Chubb, Chief Investment Officer, Girard, a Univest Wealth Division February 7, 2018
After an exceptionally strong start to the year fueled by above-trend global economic and corporate earnings growth, the S&P 500 finished January with a 5.6% total return.
In the last two trading days, equity markets around the globe sold-off after digesting Friday’s very strong January payroll report, among other reasons. In addition to the economy adding 200,000 jobs, average hourly earnings jumped 2.9% on an annualized basis. This was the best gain since the early days of this remarkably sluggish recovery which began in March 2009.
While this wage growth is still markedly below the long-term average, it fueled investor worry…
