Weekly Commentary

  Personal Profits and Corporate ProfitsWeekly CEO Commentary 8-27-12Tim Phillips, Phillips and Company Corporate profits as a percentage of GDP are at all-time highs, and according to the Federal Reserve, these profits currently represent approximately 11% of GDP. That partially explains why equity markets continue to push higher despite the slow global growth. On an […]

DivergenceWeekly Market Commentary 8-20-12Tim Phillips, CEO – Phillips and Company The definition of divergence: Di·ver·gence (diˈvərjəns) Noun: A difference or conflict in opinions. On the one hand, we have the Dow Jones Industrial Average approaching five year highs: Chart provided by Google Finance On the other hand, we have the Bureau of Labor Statistics saying […]

Over the Cliff (? Or !) Weekly Market Commentary 8-13-12 Tim Phillips, CEO – Phillips & Company Over the next six months, the dominant macroeconomic event we will deal with is the Fiscal Cliff. Now that the Republican candidate has picked his Vice President, the debate and potential outcomes are much clearer. As a brief […]

Confusion ConfirmedWeekly Market Commentary 8-6-12Tim Phillips, CEO – Phillips and Company The S&P 500 appeared to have another decent week ending up 0.36%. However, this is misleading because all of those gains came on Friday, whereas the market was actually down during the other four days of the week. This includes the initial knee-jerk reaction […]

Is it Time to Speculate? Weekly Market Commentary 7-30-12 Tim Phillips, CEO – Phillips and Company The Bureau of Economic Analysis has officially confirmed that the economy has downshifted from 4.1% growth to 1.5% growth in the first half of the year. The Dow Jones Industrial Average rallied almost 200 points on Friday in hopes […]

  Norm Sherry Weekly Market Commentary 7-23-12 Tim Phillips, CEO – Phillips and Company   We just crossed the half way mark for the year, and that means two things: earning season is getting under way in earnest, and we are a little over half way through the 2012 baseball season. As expected, earnings have […]

The Great Recession or the Great Distraction Weekly Market Commentary 7-16-12 Tim Phillips, CEO – Phillips and Company In a recent presentation by David Rosenberg I was reminded of something that was often talked about prior to the Great Recession, which is the upcoming retirement of the baby boomers. Let me start by putting the […]

The Importance of Getting Paid and A Little Wishful Thinking Weekly Market Commentary 7-9-12 Tim Phillips, CEO – Phillips and Company The economic data over the last few weeks continued to confirm what we had suspected for quite some time. This is an “L” shaped economic recovery that has made traditional static asset allocation difficult. […]

Second Half Slowdown? Tim Phillips, CEO – Phillips & Company Weekly Market Commentary 7-2-12 Last week, the news headlines were dominated by two main events. Here in the United States, the Supreme Court (SCOTUS) upheld the Patient Protection and Affordable Care Act (PPACA), informally referred to as, “Obamacare.” Over in Europe, the EU Summit announced […]

Winners and Losers Weekly Market Commentary 6-25-12 Tim Phillips, CEO – Phillips and Company This week, the Federal Reserve made a widely expected move to extend Operation Twist (the buying of long-term government bonds and selling of short term government bonds). This program is intended to lower long term interest rates and help make financial […]