Weekly Commentary

“After a wild week on Wall Street the world is different” Tim Phillips, CEO – Phillips & Company This was the cover of Time Magazine just after the crash of 1987. I remember being very new in the business and thinking, “Had the world fallen apart?” At the time, I also thought a “crash” was […]

More Questions Than Answers Tim Phillips, CEO – Phillips & Company As I discussed in our blog post last week about Deficits, Defaults, and Downgrades, we believed a downgrade was inevitable, but thought it would come to fruition much further down the road. At this point, there are plenty more questions than answers, but here […]

There is Only One Way Tim Phillips, CEO – Phillips & Company   As we expected, it looks like the political class will get something done. As anticipated, The Debt Limit Deal also looks like it’s heavily back loaded (much ado about nothing). In fact, all the real cuts to spending will likely come under […]

Deficits, Defaults, and Downgrades Tim Phillips, CEO – Phillips & Company There are so many interesting things going on right now in the world, but if I wrote on anything other than the debt debate it would be like talking about baseball during football season. I still stand by my forecast that we will have […]

Much Ado About Nothing – A Shakespearian Comedy That Exists today Weekly Market Commentary 7-18-11 Tim Phillips, CEO – Phillips & Company We’re into the weeds on the debt ceiling debate there’s no doubt about it. Like the Shakespearian couples in his classic comedy, there is a lot of talk yet no real outcome. I […]

Setting Up for Something Big Tim Phillips, CEO – Phillips and Company Last Friday, The U.S. Bureau of Labor Statistics released the June Employment Report. The numbers were dismal, and well below consensus. Only 18,000 total nonfarm payroll jobs added (consensus was 80,000) Revised down April and May payrolls numbers The unemployment rate increased from […]

Effective Cash Management Weekly Market Commentary 7-5-11 Tim Phillips, CEO – Phillips and Company The Fourth of July celebration came early for the stock market. The S&P 500 closed up 5.61% and the Dow Jones Industrial Average closed up 648 points last week. We did suspect a bit of window dressing by fund managers because […]

Ben Bernanke’s “Investor Insurance for Investors” Weekly Market Commentary 6-27-11 Tim Phillips, CEO – Phillips & Company This week Ben Bernanke, Chairman of the Federal Reserve, gave a press conference following the release of the FOMC statement. While the market reacted poorly to the Fed’s downward revisions to GDP it might have missed a critical […]

Nothing is Exactly as it Appears Weekly Market Commentary 6-20-11 Tim Phillips, CEO – Phillips and Company   According to the advance monthly sales for retail and food services released last week by the US Census Bureau, retail sales declined 0.2% in May (seasonal adjusted). While the headline suggests slowing sales, some things may not […]

Weekly Market Commentary 6-13-11 Our Emotions or Their Stupidity Tim Phillips, CEO – Phillips and Company The S&P 500 is down 6.8% since the end of April and is currently on a six-week losing streak. According to Bespoke Investment Group: Going back to 1928, this is only the 17th time the S&P 500 has had […]