Tuesday, Sep 06

Weekly Talking Points for Financial Advisors (9/6/2022)

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:

The job market continues to exceed expectations with 315K new jobs in August, beating expectations of 298K and coming on the back of July’s significant increase. The report also showed wage growth was moderating, and the participation rate for prime age labor increased, pushing the unemployment rate up to 3.7

While a hot labor market can make the Fed’s job of taming inflation more difficult, if the participation rate continues to trend up, it could make the possibility of the Fed pulling off a soft landing a little bit higher, though still not high.

Initial jobless claims declined for their third week in a row and remained in the low to mid 200K range for the last few months. The latest figure fell to 232K, down from 237K the week prior and 252K in the first week of August.

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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.