This just in: CEO Chris Shuba in Financial Planning

Read the highlights of this week’s commentary from Helios:

  • On Friday, Treasury Secretary Janet Yellen announced that the US economy had achieved a ‘soft landing’, characterized as a reduction in high inflation without causing a recession. This is a historically rare occurrence, as the Federal Reserve has managed to achieve only one soft landing in the past 60 years, in 1994-1995.
  • In December, the US added 216,000 jobs, 41,000 more than estimated, and wages rose more than expected. The unemployment rate held steady at 3.7% due to a drop in the labor force participation rate. In total, 2.7 million jobs were added in 2023.
  • Treasury yields initially spiked following the jobs data, then retreated as investors purchased Treasuries after a deeper analysis of the report. The US service sector showed signs of stagnation at the end of 2023, marking its largest contraction in over three years.
  • Apple was downgraded by two research firms last week, falling almost 6% and weighing down large-cap tech stocks. The losses are the biggest market value destruction at the start of any year on record.

Want to learn more about Helios Quantitative Research? Click Here to schedule a meeting with one of our representatives!