Monday, Nov 21

Weekly Talking Points for Financial Advisors (11/21/2022)

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:

Consumers continue to push ahead, with retail sales beating estimates again in October by rising 1.3%, versus the consensus estimate of 1.0%. Vehicle sales were strong, coming back from a September decline, but gains were seen outside of just vehicles with retail sales excluding vehicles rising 0.9%, well above the 0.2% expected.

Industrial production fell 0.1% in October, the second drop in three months, though the narrower measure of factory production increased by 0.1%. The gain in factory production also hinged on vehicles, and when taking those out, it was effectively flat for the month. Supply chains are becoming less of a headache, which is helping, though slowing demand from rising rates is dampening those gains.

The housing market continues to cool, with the ninth straight month of declining existing home sales. The streak of declines is a new record as October’s closing fell another 5.9%

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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.