This just in: CEO Chris Shuba in Financial Planning

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

  • Global stocks and bonds declined due to concerns that the conflict between Israel and Hamas might escalate into a broader Middle East confrontation and the potential impact on oil prices.
  • Recent stock market swings have been driven by geopolitical concerns, rising Treasury yields, and sustained high-interest rates. A pattern in the VIX suggests traders expect more short-term market volatility.
  • Two-year Treasury yields rose to a 17-year high of 5.19% in response to an unexpected rise in September retail sales, fueling predictions that the Federal Reserve may hike interest rates again before the end of the year.
  • Consumer spending remains strong, challenging economists’ projections of a downturn due to pandemic-related savings being used up.
  • U.S. existing home sales fell to the lowest level since 2010 last month, marking a nearly 19% decline year-over-year. Housing affordability, as measured by the National Association of Realtors, fell to its lowest since records began in 1989.
Want to learn more about Helios Quantitative Research? Click Here to schedule a meeting with one of our representatives!