Weekly Market Commentary 3/12/12 Tim Phillips, CEO – Phillips and Company Last week’s economic data was overall positive. The most notable piece of economic news last week was the Nonfarm Payrolls Report. Last month nonfarm payroll rose by 227,000 according to the Bureau of Labor Statistics (BLS). The BLS also revised up the nonfarm payroll […]
Read MoreWeekly Market Commentary 3-5-12 Tim Phillips, CEO – Phillips and Company For the last four years I’ve believed that in order for the economy to improve, we must at least see an improvement in jobs and income. Depending on the lens you choose to look through, it appears we might be seeing just that. Bloomberg […]
Read MoreWeekly Market Commentary 2-27-12 Tim Phillips, CEO – Phillips and Company Warren Buffett released his annual shareholder letter this week. Among the facts and ramblings was an interesting opinion on gold: “…Gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right […]
Read MoreWeekly Market Commentary 2-21-12 Tim Phillips, CEO – Phillips and Company There has been a lot of talk about a slowdown in the Chinese economy. A slowdown which could have possible broad based implications as China is the third largest global economy (behind the European Union and United States). Although, before […]
Read MoreWeekly Market Commentary 2-13-12 Tim Phillips, CEO – Phillips and Company Markets have been on a rip roaring rally these last few weeks. The S&P 500 was up 4.48% in January and is up 6.98% YTD. Under normal circumstances coming off a year like last year where returns seemed non-existent, one would expect a strong […]
Read MoreWeekly Market Commentary 2-6-11 Tim Phillips, CEO – Phillips and Company Is Facebook worth it? Without a doubt, this will be the biggest question we get asked as advisors over the coming weeks. So, could investing in Facebook once it becomes publically traded be the path to fortune or could it be another version of […]
Read MoreWeekly Market Commentary 1-30-12 Tim Phillips, CEO – Phillips and Company A few things happened this week that give significant clarity around the winners and losers in our economy this coming year. Event 1: As expected, the Federal Reserve announced no change in interest rates. However, they did unexpectedly change their specific language for when […]
Read MoreWeekly Market Commentary 1-23-12 Tim Phillips, CEO – Phillips and Company There appears to be no shortage of earnings pessimism this quarter. According to the Wall Street Journal, analysts now expect earnings to grow 7.8% year-on-year, down from their expectations of 15% at the start of the fourth quarter. Bespoke has also noticed the trend […]
Read MoreWeekly Market Commentary 1-17-12 Tim Phillips, CEO – Phillips and Company For the first time since WWII, the US Debt has increased above 100% of GDP. While this is a troubling number, it’s not as relevant in the short run as another number, 71.06%, the percentage of GDP which is currently made up of consumer […]
Read MoreWeekly Market Commentary 1-10-12 Tim Phillips, CEO – Phillips and Company For just once I would like a piece of economic data without strings attached. I long for the olden days of the 1990’s when everything just pointed up and you hardly had to think as an investor. Just steer the car in the right […]
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