Weekly Commentary

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 […]

Weekly Market Commentary 10-24-11 Tim Phillips, CEO – Phillips and Company   We have now entered the final quarter of the year and Alcoa kicked off the final earnings season after the bell on October 11th. As we hit the home stretch we wanted to look back and compare the S&P 500 forecast from the […]

Weekly Market Commentary 10-17-11 Tim Phillips, CEO – Phillips and Company Lately everyone I talk to from small business owners to “the men on the street” are words of doom and gloom. They all express significant doubts about the global economy and think a recession is all but guaranteed at this point. Consumer confidence is […]

Weekly Market Commentary 10-10-11 Tim Phillips, CEO – Phillips and Company The equity markets performed well last week after a historic late day rally on Tuesday. However the prevailing mood of business and consumers are of significant caution and concern. At the end of the day 70% of our economy is based on consumption. If […]

Weekly Market Commentary 10-3-11 Tim Phillips, CEO – Phillips & Company     Last month, European physicists announced that they may have put a serious dent in Albert Einstein’s theory of relativity when they suggested it might be possible for something to travel faster than the speed of light. With relativity on the mind and […]

Weekly Market Commentary 9-26-11 Tim Phillips, CEO – Phillips and Company   Investor and consumer sentiment are near all-time lows and the instinctive thing to do is to follow the crowd and run for the exit.   Behaviorally speaking I call this, “risk as emotion versus risk as fact”.Humans tend to view risk through an […]

The State of Consumption and Policy Debates Weekly Market Commentary 9-20-11 Tim Phillips, CEO – Phillips & Company Focusing on one side of the balance sheet for consumers and corporations from a big picture standpoint you have: debt (liabilities) and net worth (equity). Adding up government, business and consumer debt, we are sitting at a […]