Monday, Oct 26

Talking Points of the Week for Financial Advisors (10/26)

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 information, and much more. Here, we are sharing discussion points for Financial Advisors to use with their clients which we provide in the Weekly Report.

Tuesday’s stimulus bill “deadline” came and went without any deal announcement. Plenty of head fakes and comments on being close to a deal streamed in across Tuesday morning, afternoon, evening, and through the rest of the week as fingers started to get pointed at the lack of progress.

Markit’s surveys of the services and manufacturing environment both stayed solidly in expansionary territory with preliminary October readings of 56.0 and 53.3, respectively. The service's value was a bit above expectations of 54.6 while manufacturing fell just below expectations of 53.5.

China’s economy expanded by 4.9% in Q3 over the prior year. While missing expectations, it was a notable increase from the 3.2% seen in Q2.

Eyes are in Q3 GDP with the advance reading coming in next week, with expectations of a 30%+ annualized figure.

Team Helios

Team Helios

Helios partners with Financial Advisors to help them grow their business, save time, and add scale to their services through enhanced asset management capabilities. Helios was founded in 2016 in Granite Bay, California.