Reflections on the World of Investments, Finance, and Wealth Management.

Henry Fund Economic Forecasts – March 2013

During the semester, the Henry Fund analyst team generates a monthly consensus outlook for the U.S. economy. We survey the 11 fund analysts across ten macro-economic variables, with each analyst providing his or her short-term (six-month) and intermediate-term (two-year) forecasts. These estimates form the basis for class discussion about portfolio construction, sector allocation, and future research.

On Monday (March 4), the Henry Fund team completed its second forecast of the spring semester. A summary of the team’s consensus estimates is provided below.

Henry Fund Economic Outlook

The Henry Fund Consensus Outlook as of March 4, 2013.

The team expects slow, positive economic growth for the next six months, with limited negative impact from the government budget sequestration. Inflation pressure is expected to pick up with higher oil prices forecast in the near future.  They expect limited stock market movements over the forecast horizon.

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Todd Houge

Todd Houge is the Curt and Carol Lane Faculty Fellow in the Tippie College of Business. He teaches applied equity valuation, applied portfolio management, and wealth management courses to undergraduate and MBA students. Todd also supervises the department’s award-winning Henry Fund and Krause Fund programs, which provide a real-world, money-management opportunity for UI students.

Todd received a Ph.D. in Finance and an MBA from the University of Iowa. He also earned his Bachelor of Arts degree from Wartburg College and holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.