This just in: CEO Chris Shuba in Financial Planning

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

  • Federal Reserve Chair Jerome Powell delivered remarks at the annual Jackson Hole Economic Symposium on Friday, reiterating the Fed’s intention is to maintain borrowing costs restrictive until there are clear signs of inflation moving to the Fed’s 2% target.
  • The Federal Reserve’s recent rate-hiking cycle has led to a significant rise in Treasury yields and mortgage rates, reaching levels not seen since 2001. Existing home sales are declining and could soon fall below the weakest point seen in January, which was the slowest pace since 2010.
  • Nvidia reported earnings after-hours on Wednesday, and shares surged as much as 6.7% Thursday, reaching an all-time high, driven by a strong revenue forecast as demand for AI chips remains high. However, concerns regarding a potential hawkish stance in advance of Powell’s speech on Friday erased a significant portion of its Thursday post-earnings gain during late afternoon trading.
  • China’s property stocks initially rose on the news of its latest stimulus measure but then pared gains as the focus shifted to existing developer debt issues. Despite the stimulus measures, its economic growth faces challenges and may not return to previous levels of real estate-driven growth.

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