Blog

  As is customary for us at Phillips and Company, we use the end of each quarter as an opportunity to look at what's ahead in the coming quarter from a market perspective. Unlike many of the past quarters over the last 5 years, this quarter has the most pivotal issues to… More >>

  The time is growing near when we can start to filter the economic and earnings data from the general noise in the typical information flow of the markets. In my opinion, the classic Bull vs Bear clash will break down to two themes that are on the same side of the coin.… More >>

  On my recent visit to China, my goal was to learn much more about an economy we are invested in. It's impossible to summarize China in any one post. It's a country that is complex and so different than the United States, not just culturally but economically. I'm going to… More >>

  As expected last Wednesday, the Fed removed the word “patient” from its interest rate policy statement, moving us one step closer to potential interest rate increases, perhaps as soon as the Fed’s June meeting. However, the Fed will still be cautious and consider the… More >>

  On Wednesday, the Fed will meet to discuss the future of interest rates in the United States. Most commentators don't anticipate a rate increase at the March meeting, yet they do expect more certainty around rate hikes in the near future. With the removal of one word… More >>

  US equity markets sold off sharply on Friday driven principally by a very strong jobs report showing the US economy added 295,000 jobs in February.[i] This very strong news spooked equity investors as they awakened to the reality of higher US interest rates from the… More >>

  We seem to be at another inflection point in the US economy and perhaps US equities. The US stock market has rallied for the last 72 months since the financial crisis and is up over 187%.[i] Valuations are moving to the upper end of their range compared to where they… More >>

  Now that we have mostly concluded earnings season (over 85% of S&P 500 companies have reported earnings), we enter a quiet period of data and investors shift their focus back to macro events.[i] Before I address the "quiet period", let's quickly review a summary of Q4… More >>

  On the face of it, most investors don't really care about what happens to Greece. Foreign conflicts and domestic issues were the top concerns in a recent survey of what concerns US high net worth investors.[i] However, most of our allocated portfolios contain some form… More >>

  Aside from your health, it's hard to imagine any endeavor other than investing where the outcomes can change so rapidly and matter so much. If you examined equity performance before last week, you might have felt like you were exploring the depths of another major pull… More >>