Weekly Commentary

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 […]

Weekly Market Commentary 6-6-11 Tim Phillips, CEO – Phillips and Co. The Probability of Being When it comes to investing it’s about trying to predict future outcomes. These predictions about future outcomes have a range of probabilities and likelihoods of happening. Last week’s avalanche of gloomy economic data, believe it or not, helped me clarify […]

Sector Rotation Tim Phillips, CEO – Phillips and Company   “An elegant solution for keeping track of reality” – Inception Right now, there seems to be a healthy debate over GDP growth for the US. Q1 real GDP growth remained unrevised at 1.8% compared to a forecasted upward revision to 2.1%. Other economic data was […]

Weekly Market Commentary 5-23-11 Inflationary head fake? Tim Phillips, CEO – Phillips and Company   Recently when I’ve been out learning how to see, there has been a lot of discussion on rapid inflation in the near future. Frankly, I agree with their concerns. However, the bond market doesn’t seem to agree. Bond prices continue […]

  Learning How to See Part II Tim Phillips – CEO, Phillips and Company Weekly Market Commentary 5-16-11   While many professionals in my industry spend hours analyzing data points looking for trends and searching online for industry reports, I prefer an additional tool: hitting the road and meeting with investment decision makers.   I […]

  Learning How to See – Part I Tim Phillips – CEO, Phillips and Company Last quarter we mentioned that 67.4% of companies beat earnings estimates. We also pointed out that the historical beat rate is 63%. As of this morning, over 80% of the S&P 500 companies have posted earnings for the first quarter […]

The Prediction Business Tim Phillips – CEO, Phillips & Company Weekly Market Commentary 5-2-11 The week was interesting enough for capital markets. In spite of all the concerning headlines (gas prices, debt ceilings, birth certificates, Fed press conferences) the equity markets trudged higher. I suspect it was mostly driven by higher than expected earnings reports. […]