Monday, Jan 09

Weekly Talking Points for Financial Advisors (1/09/2023)

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.

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

December added 223K jobs to the economy, ahead of the expected 203K, though a bit slower than the 256K in November. The household survey showed overall employment rising 717K, which pushed the unemployment rate down to 3.5%, even despite an increase in the size of the labor force.

Job openings remain robust at over 10M. While they have slowly come down from their recent peak of 11.9M, openings are well above the mid-6M to mid-7M job openings during 2018 and 2019.

The ISM Services Index fell into contraction territory, falling to 49.6, from 56.5 in November. Fed hikes may be having their impact on cooling demand as prices slowed, which may point to some helpful signs on overall inflation.

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Team Helios

Team Helios

Helios partners with Financial Advisors to help them grow their business, save time, and add scale to their services through enhanced asset management capabilities. Helios was founded in 2016 in Granite Bay, California.