Monday, Jul 12

Talking Points of the Week for Financial Advisors (7/12)

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.

In a slow, shortened week, initial jobless claims worsened a bit, rising to 373K from 371K the week prior, the ISM Services Index fell in May’s final numbers though stayed solidly in expansionary territory at 60.1, and inventories increased 1.3%, slightly ahead of estimates.

Comments from the NY Fed spurred intraday volatility on Thursday as it announced plans to start gradually unwinding some of its corporate bond holdings following the start of sales of its corporate bond ETF holdings last month. Though the losses at the start of the trading session Thursday were pared back throughout the day and were erased by early trading on Friday.

The Biden administration announced plans for an executive order to promote competition, from items on baggage fees and hearing aids, to non-compete agreements and antitrust updates. None of the items in the order will immediately become regulations, but as various agencies attempt to put the guidelines into actual policy it will surely trigger a few court battles from various industry groups.

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.