Weekly Commentary

Weekly Market Commentary 1-3-12 Tim Phillips, CEO – Phillips and Company The start of the year has me preparing for meetings with endowment and foundation committees as well as strategic planning meetings for our firm. In general, I take a macro view on key themes that could impact investment outcomes and build those into my […]

Weekly Market Commentary 12-27-11 Tim Phillips, CEO – Phillips and Company It’s that time of year when everyone in my business tries, in earnest, to predict the markets for next year. I’ve spoken to some of these professionals and my takeaway is that they (still) tend to believe in their prognosticating skills. In my profession, […]

Weekly Market Commentary 12-15-11 Tim Phillips, CEO – Phillips and Company While Europe has been grabbing all the headlines winning our “Grim Reaper” award, there has been one country quietly accumulating some momentum, the United States. The U.S. has been posting some fairly positive numbers so far for the month of December. As you can […]

Weekly Market Commentary 12-12-11 Tim Phillips, CEO – Phillips and Company Last week, we touched on a report from the Economic Cycle Research Institute (ECRI) that calls for the United States to enter a recession in 2012. This deserves further examination for two reasons. First, it’s a significant outlier from other 2012 GDP forecasts. Second, […]

Weekly Market Commentary Tim Phillips, CEO – Phillips and Company Over the last two weeks we’ve looked at the European Debt Crisis and the potential impact on US exports if Europe falls into a recession (What’s All the Fuss?). We also covered the challenges many European countries face on budget agreements as a consequence of […]

Weekly Market Commentary 11-28-11 Tim Phillips, CEO – Phillips and Company As we discussed earlier this month, a recession seems almost inevitable and the impact on US GDP growth is negligible. In fact, this morning the Organization for Economic Cooperation and Development warned that Europe risks a severe recession if they can’t halt the sell-off […]

Weekly Market 11-21-11 Tim Phillips, CEO – Phillips and Company As of this writing on Sunday, the Joint Select Committee on Deficit Reduction, i.e. the Supercommittee, is poised to admit defeat. Once again, Washington is gridlocked and if the markets react like they did during the summer’s debt extension debate there’s potential for another round […]

Weekly Market Commentary 11-14-11 Tim Phillips, CEO – Phillips and Company   By now, I think it’s safe to say investors have been sufficiently tortured by what’s happening in the European economy. The moment Greece moved off the headlines, Italy took center stage. Once the media gets tired of Italy and the markets adjust, they […]

Weekly Market Commentary 11-7-11 Tim Phillips, CEO – Phillips & Company Last week, we discussed the details of the Bureau of Economic Analysis’ (BEA) advance estimate of US real GDP for the third quarter. Sticking with the GDP theme, later that week the Federal Reserve came out with their fourth and final GDP and unemployment […]

Weekly Market Commentary 10-31-11 Tim Phillips, CEO – Phillips and Company You hear a lot about “risk on” and “risk off” by the media to describe the day-to-day short term volatility. For example, in the third quarter the S&P 500 fell 13.87%, clearly a “risk off” quarter. Then in October, as of Friday the 28th […]