Tuesday, May 31

Weekly Talking Points for Financial Advisors (5/31/2022)

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 S&P 500 bounced 6.62% on a total return basis after seven back-to-back weeks of losses.

The first quarter’s GDP was revised slightly downward, from -1.4% to -1.5% annualized, from weaker corporate profits, though consumer spending was revised upward to 3.1%

Consumer demand continues to be strong, though it appears consumers are dipping into savings to keep demand hot, with spending in April rising 0.9% and incomes rising 0.4%. Further, March’s consumer spending figures were revised upward as well. While the consumer continues to be the major driving force behind the economy right now, the savings rate fell to a 14-year low, and dipping into savings can’t last forever.

There continues to be a massive amount of job openings around the economy, with 53% more jobs open at the end of March compared to the pre-pandemic peak and initial jobless claims continuing to run at low levels.

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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.