Dan Celia: First Quarter Could Be Best Since 2008
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia said today that despite the swirling political headlines, including Syria, James Comey and more, he hopes the markets stay focused on economic indicators. Celia is discussing these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on about 650 stations nationwide.
“This week, we will see numbers begin pouring in from earnings,” Celia said. “We’ll see the finish of banking stocks, and I believe this quarter’s earnings will probably be the best we’ve seen since before 2008. And I believe that next quarter’s earnings will be even better. That is what should be driving the economy. Retail sales numbers, the homebuilders index and housing starts will all impact the markets this week as well.
“Also, oil prices are falling today, reversing some of the gains we saw last week when we saw oil prices hit a three and a half year high. Additionally, at least three Fed presidents are speaking, and that will likely help dictate the direction of the markets this week along with earnings. But hopefully, through all the noise in and around the political side of things, we will be able to focus on earnings and economic strength.
“Investors will look again at how the airstrikes in Syria will have an impact, if any, on oil prices, both Brent crude oil and here at home at West Texas intermediate,” Celia continued. “The week ahead will be interesting, with plenty of earnings reports, and of course, another week filled with speculation about noneconomic issues.”
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