Monday, Sep 20

Talking Points of the Week for Financial Advisors (9/20)

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.

Inflation may be cooling off with August core CPI rising 0.1%, well below the expected 0.3% rise. The headline figure rose 0.3%, slightly below the 0.4% expectation, fueled by higher gas prices (+2.8%) as well as food (+0.4%). Helping keep the numbers lower was airfare’s plunge of 9.1% and a 2.9% fall in hotel rates, both hurt by Delta concerns. Also, used car prices, something we’ve talked a lot about, fell 1.5%. The first decline since February and hopefully the start of a longer trend.

Big surprise in August’s retail sales, increasing 0.7%, while expectations were for a 0.7% drop. Strength in online, furniture and general merchandise categories fueled the rise, while autos and electronics fell by 3.6% and 3.1%, respectively. The weak auto sales are likely due to the chip shortage as well as the massive run-up in prices that have just started to come back down.

Eyes will turn to the Fed next week with the FOMC meeting September 21-22.

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.