The unemployment figures came out last week and they were certainly less than anticipated—an increase of 148,000 in nonfarm payrolls in September compared to the expectation of 185,000. [i] This is troubling and reflects a continuing deterioration of job growth.
Take a… More >>
Multiple Expansion?Weekly Market Commentary 10-21-2013Tim Phillips, CEO—Phillips & Company
As markets return to "normal" and participants attempt to discount and anticipate future events, it’s worth taking a look at what fundamentally drives value. Earnings growth is… More >>
Life Goes On!Weekly Market Commentary 10-14-2013Tim Phillips, CEO—Phillips & Company
We are in full circus mode with Congress doing exactly what we hoped they wouldn't: take the "full faith and credit" of the United States to the brink of its capacity. More >>
Weekly Market Commentary 10-7-2013
Tim Phillips, CEO—Phillips & Company
As we discussed in last week’s blog, most government shutdowns don't come with extreme long-term consequences. Just take a look at market action for last week.
[i] Source: Google Finance… More >>