Monday, Aug 30

Talking Points of the Week for Financial Advisors (8/30)

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 his Jackson Hole speech, Fed Chair Powell held the line on needing more data before beginning tapering. Some had thought this speech could be a venue for a shift in tone or language, but that never materialized, with Powell wanting to see how the labor market evolves over the coming months. He noted that “with vaccinations rising, schools reopening, and enhanced unemployment benefits ending, some factors that may be holding back job seekers are likely fading” and also that inflation has been driven by mostly COVID-related factors and that broad measures of wage growth aren’t yet a concern.

July’s personal income rose 1.1%, which significantly beat expectations of a 0.3% rise. However, real consumption hit a snag and declined by 0.1%, in line with expectations. Despite the income gain, consumption was under pressure with Delta and the fading stimulus impacts.

Second quarter GDP was slightly revised up to 6.6%, from a 6.5% annualized growth rate.

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.