Monday, Nov 07

Weekly Talking Points for Financial Advisors (11/7/2022)

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:

The Fed raised rates by 75 basis points, as expected. However, the real news came from the two of the Fed’s comments. The first signaled a slower path going forward and one that will incorporate the total efforts so far and the lag in the timing of the economy feeling those impacts. On the flip side, Powell indicated the Fed’s path might end up with a higher overall rate in the end, with the median FOMC member seeing rates reaching 5%.

Payrolls increased by 261K in October, well above the 193K that was expected, along with positive revisions to prior months and continuing to signal a fairly hot labor market. The unemployment rate increased to 3.7%, with a slightly lower participation rate (62.2% vs. 62.3%).

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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.