Tuesday, Jun 01

Talking Points of the Week for Financial Advisors (6/1)

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.

Consumer spending increased in April by 0.5%, following March’s 4.7%. Services rose 1.1% as the trend we’ve discussed previously on the consumer rotation into favoring services coming out of the pandemic continued and has not shown sensitivity to rising prices.

Initial jobless claims continue to improve with the latest weekly data almost falling below 400K. At 406K it was again the best reading we have seen since the pandemic began and an improvement from 444K the week before and the 425K expectations by economists surveyed by Bloomberg.

Q1 GDP was revised slightly upwards to 6.5%, from the 6.4% annualized rate in the initial release.

Team Helios

Team Helios

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