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.

Nyle Bayer

Nyle Bayer

Nyle Bayer is the Chief Marketing Officer at Helios, where he helps Financial Advisors tell their story to the clients they serve. Prior to Helios, Nyle was the President of Up Capital Management, a Registered Investment Advisor. Nyle lives in the Sacramento, CA area with his wife and three children.