Monday, Jul 19

Talking Points of the Week for Financial Advisors (7/19)

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.

June inflation numbers topped estimates (again) with prices increasing 5.4% vs. the year prior. Estimates were for a 4.9% increase. Under the hood, used car and truck prices increased 10.5% and were attributable to a third of the overall increase, while only accounting for 3% of the items in the CPI. Other notable increases were in lodging and hotel rooms, as well as airfares, which increased 2.7% after a 7.0% earlier increase.

Retail sales unexpectedly increased in June, rising 0.6% versus May, compared to expectations of a 0.3% decline. While sales fell in furniture and business materials, which corresponded to the drop in housing, clothing, department stores, and restaurant spending increased 2.6%, 5.9%, and 2.3%, respectively.

Consumer sentiment took a dive, falling to 80.8, from 85.5, and versus expectations of an increase to 86.5. The survey fell from a drop in both current and future expectations as inflation worries started to take hold with respondent’s inflation expectations rising.

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.