Robert, Rob, or Bob Phillips or Philips may refer to: (wikipedia)
On the day, you're just seeing traders take some profits in response to an overbought condition after the rally, but longer-term there is a real concern about the bond market being at a 45-year low and the risks of deflation.
My sense is that we're going to keep consolidating over the next few weeks after the kind of run we've had. Then you could see stocks start to move higher again.
There are a lot of cross-currents going this week. Bond prices have been falling sharply, but it hasn't seemed to help stocks. Then you've got all the earnings pretty much coming in in-line but not providing many surprises.
You have technology showing leadership again today, but I think you'll see a rotational shift by the end of the month, with investors pulling money out of sectors like tech and industrials and putting it into those that have performed less well, like pharmaceuticals.
We're not seeing much movement today (Wednesday) but I think we hit a bottom last week and we've set the stage to move higher in the short term.
We've talked to him about opportunities within our cluster. It's really in Steve's court.
We may see this push and pull for the next few weeks.
The underlying fundamentals remain decent, but the pessimism is getting higher. The biggest hindrance right now is oil prices, part and parcel with Iraq.
The PPI today obviously affected the bond market. Stocks are more neutral right now in that you have oil stocks, materials and drug stocks doing well today, and that's countering the concerns about inflation.
The PPI today obviously affected the bond market, ... Stocks are more neutral right now in that you have oil stocks, materials and drug stocks doing well today, and that's countering the concerns about inflation.