---
title: Weekly Talking Points for Financial Advisors (5/1/23)
description: As an OCIO, Helios distributes a 19-page Weekly Report to member firms every Friday, which includes risk level summaries, model allocations, detailed model positioning information, market index inform
---

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# [Weekly Talking Points for Financial Advisors (5/1/23)](https://heliosdriven.com/helios-insights/weekly-talking-points-for-financial-advisors-5-1-23)

 Written by [Team Helios](https://heliosdriven.com/helios-insights/author/teamhelios) | May 1, 2023 2:31:20 PM

Read the highlights of this week's commentary from Helios:

- The economy grew at a 1.1% annualized rate in the first quarter, behind expectations of a 1.9% growth rate and slower than Q4’s 2.6%. Despite concerns around the consumer, consumer spending grew 3.7%, a surge from Q4’s 1.0%, and added 2.5 percentage points to the headline number, offsetting weaknesses in other categories. Overall, a gradual slowdown in economic activity is likely good news for the Fed as they head into their next policy meeting this week.
- Across the Atlantic, the eurozone economy resumed growing, if only barely, with the economy growing 0.1% as German growth was behind estimates.
- Personal income rose 0.3% in March while personal spending was flat.

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