Monday, Jun 06

Weekly Talking Points for Financial Advisors (6/6/2022)

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:

May’s jobs report showed 390K new jobs, above the 318K that was expected, and kept the unemployment rate steady at 3.6% among a slight uptick in the labor participation rate. The new jobs were robust in services and goods producing industries, though retail lost jobs over the month. However, while the overall report is showing the labor market continues to expand, there was a notable uptick in people working part-time for economic reasons rose by 349K.

Wages continue to grow, though at slower rates, with average hourly earnings rising 5.2% year-over-year in May, down from 5.6% in March and 5.5% in April.

Following the jobs reports solidified further Fed moves, the market sold off on Friday with the S&P 500 declining over 1.6% in a good news is bad news and bad news is good news day of trading.

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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.