The Phillips Pulse tracks 22 companies I pick by hand: two from each of the 11 market sectors, so every corner of the economy has a seat at the table. It’s built the same way as the Dow Jones Industrial Average: price-weighted, so a $1 move in any member moves the index the same amount. When the story changes, the lineup changes. A stock leaves, another from the same sector takes its place, and every swap is logged with its date so the record stays honest. Check how it’s moving against the Dow, which stocks are pulling their weight, and what’s on deck for the next rotation.