Our Managing Principals continue to be called on by some of the nation's top media outlets. Throughout this year, Bob Phillips and Leslie Thompson have shared their insights on a range of topics and issues impacting the markets and investors. Bob and Leslie are sought-after experts, connecting with countless reporters, journalists and broadcast personalities on financial topics affecting Americans.
In this employee spotlight we are highlighting Kathy Crone, a Client Service Associate at the firm. Kathy joins us having 17 years of experience in various types of client service and operations roles with both an investment advisory team and a brokerage firm. She has experience handling client-related duties, such as processing daily transactions, generating client reports and all types of account service. Kathy's attention to detail and willingness to take extra steps on behalf of our clients makes her a perfect addition to our team.
This morning, our own Bob Phillips joined The Wall Street Journal Radio Network with host Mathew Passy to discuss the top financial news and lend his outlook on the economy. Bob pointed out that, in anticipation of the Fed's meeting today, markets are in a wait-and-see mode as Wall Street awaits information on QE ending and the fate of interest rates. He offers additional insight to investors and what can be expected as 2015 approaches.
Carol Barnes is the voice that will greet you when you call the Spectrum Management Group office or come in for a meeting. Carol joined the firm as Executive Assistant, having prior experience working in various positions including Office Manager, Marketing Director, and Executive Assistant to the President in both national and international nonprofit organizations. She enjoys being part of the Spectrum team, assisting the staff so they can focus on serving clients with excellence.
Outside of work, Carol is active in her church, working with women's events and teaching ladies' bible studies. She loves to travel, garden, and get together with friends.
Bob Phillips joined Fox Business "After the Bell" hosts Liz Claman and David Asman on Monday to discuss a volatile week in the markets. Bob explained that while the volatility was high, it was actually low by historical standards. He noted that there is a building fear of deflation in the marketplace, and the theory of QE coming to an end and the dollar getting higher are causing the market to react to a fear of monetary tightening. He added that he believes this is what caused Fed presidents to begin discussions about extending QE.
Bob Phillips returned to Fox Business "After the Bell" on Monday to weigh in on the current market environment. He joined hosts Liz Claman and David Asman to share his thoughts on areas of opportunity for investors and stocks with attractive valuations. Although eBay took a hit after the announcement of Apple's new payment platform last week, Bob noted that this was unjustified as eBay continues to grow users at double-digit rates and the stock is trading as a discount to the market, making it a nice entry point for the stock right now. Bob also discussed how the Fed and Europe's central banks are impacting the U.S. markets, noting that lower interest rates, higher yields, and continued growth allow for a stronger U.S. dollar and an increase in overseas investors in U.S. bonds.
Leading news outlets continue to feature the insights of Spectrum Management Group's experts. Managing Principals Bob Phillips and Leslie Thompson were recently called upon to weigh in on some of the top financial issues affecting people today.
On Monday, Bob Phillips returned to Fox Business "After the Bell" with Liz Claman and David Asman to discuss the state of the stock market. Bob explained that while trends in stocks are still positive, the fundamentals are stretched, especially for valuations. He pointed out that the median stock in the S&P 500 is trading at well over two times of sales and Robert Shiller's P/E measure is at its highest level (other than 1929, 2000, or 2007). Bob added that within this low- to no-growth environment, investors should look for companies that can produce sales growth.
Yesterday, our own Bob Phillips returned to Fox Business "After the Bell" to cover the markets with hosts Liz Claman and David Asman. Bob discussed the possibility of a correction down the road, and explained that the market is trending because of cheap money right now. Being a fundamentalist, Bob is not entirely comfortable with today's environment -- each tick up in the market is great, but he is waiting for additional evidence to signal that it may be time to reduce risk exposure.