Monday, Aug 17

Talking Points of the Week for Financial Advisors (8/17)

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.

Retail sales increased by 1.2% in July, making it the third monthly increase in a row, though slower than the expected 2.1% increase. July’s increase follows June 8.4% increase and puts the seasonally adjusted total retail sales slightly above pre-COVID levels and 2.7% from a year earlier.

The second quarter was brutal for the U.K. economy, with GDP declining over 20% for an annualized rate of almost 60%. This makes it the worst-hit economy among rich nations, reflecting the consumer-driven nature of the U.K. economy as well as the relative delay and length of nationwide lockdowns. Italian and German economies declined by 12% and 10%, respectively.

Weekly initial jobless claims fell below the 1M mark for the first time since mid-March, showing a notable improvement since mid-July, but still at historically elevated levels.

The next relief bill is likely weeks away at this point as the Senate went on recess until September as talks on the next round of relief failed to produce a workable bill. The Senate is scheduled to come back to D.C. after Labor Day but could reconvene if there is progress on the impasse.

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.