Author Archives: wrightnetblogger

About wrightnetblogger

Senior Vice President – Investment Research/Economist

Q2 GDP growth hit 4% – but it took a 2% decline in Q1 to do it

U.S. GDP increased at a 4% annual rate in the second quarter of 2014, roughly one percentage point better than the consensus Wall Street forecast. In addition to the second-quarter economic rebound, the prior three quarters’ GDP estimates were revised … Continue reading

Posted in Bonds, Economy, Federal Reserve

A dull day for data and markets in an otherwise busy week

The U.S. stock market averages more or less spun their wheels on Monday, ahead of some important data releases later in the week. The Dow was up 22 points or 0.1% to 16983, while the S&P 500 gained fractionally. NASDAQ … Continue reading

Posted in Housing

Weekly Market Recap – 07/25/14

The Federal Open Market Committee meets Tuesday and Wednesday of this week; the Bureau of Economic Analysis releases its first estimate of second-quarter GDP at midweek; and the ISM survey of U.S. manufacturing is also due late this week. And, … Continue reading

Posted in Weekly Stock and Bond Market Recaps

Weekly Market Recap – 07/18/14

Stocks, as today’s Wall Street Journal puts it, have tended not to dwell on bad news, which 2014 has provided in ample measure. At the same time, bonds have provided a safe haven for those who are unnerved by global … Continue reading

Posted in Weekly Stock and Bond Market Recaps

Big-cap stocks rally on economic news, Yellen testimony

Although they gave up some of their early price gains as Fed Chairman Janet Yellen testified to the House Financial Services Committee on Wednesday, stocks rallied in the afternoon and closed with decent gains. The Dow was up 0.5% today … Continue reading

Posted in Federal Reserve, Industrial Production, Stocks

Stocks bounce higher to start the week

Stock prices flirted with new highs Monday, with the Dow rising 0.7% and ending just 13 points or 0.1% shy of its July 3 high. The S&P 500 gained 0.5% and landed 0.4% below its all-time high. NASDAQ’s gain Monday … Continue reading

Posted in Europe

Weekly Market Recap – 07/11/14

Stocks were tested last week by the financial distress of Portugal’s leading bank, BES, which hinted that Europe’s financial woes have not really been fully addressed, despite the efforts of the European Central Bank. Profit taking was particularly intense in … Continue reading

Posted in Weekly Stock and Bond Market Recaps

Global jitters knock stocks from highs

Stock prices ambled higher on Friday, not very persuasively and certainly not enough to rescue what was the worst week for small-cap stocks in over two years. Bigger capitalization stocks generally held up better to this past week’s selling pressures. … Continue reading

Posted in Bonds, Commodities, Europe, Stocks

Stocks lower again Tuesday, especially social media issues

Stock prices fell for a second day on Tuesday, a little more resolutely than Monday’s retreat. The Dow lost 118 points or 0.7%, falling to 16907 after two sessions in the rarefied air above 17000. The S&P 500 matched the … Continue reading

Posted in Bonds, Consumer Credit, Corporate Profits, Stocks

Stocks and commodities weak on Monday

For the first time in four sessions, U.S. stock prices fell Monday, although the Dow Jones Industrials managed to hold above 17000. The Dow declined 0.3%, closing at 17024, down from 17068 last Thursday. The S&P 500 retreated 0.4% and, … Continue reading

Posted in Bonds, Commodities, Stocks