Dan Celia: If Negative News Around Trump Administration Diminishes, ‘Look Out, Economy!’
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia said today that many analysts are waiting for new economic data surrounding the gross domestic product. This week, Celia is discussing GDP implications and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on about 650 stations nationwide, as well as seen on the NRBTV network.
“This is the first look at 2018’s first-quarter GDP growth, and I am expecting it to be, as I have said before, about 1.5 percent,” Celia said this morning. “Some are expecting 2 percent, which would be good, but 1.5 percent will probably cause a small ripple effect on the negative side throughout the markets. It’s something else for the markets to worry about, along with interest rates. Already we are seeing interest rate concern on the ten-year begin to fade, and concern will likely continue to fade as attention is turned, primarily, to earnings—where it should be.
“Strong economies present strong earnings for companies,” Celia continued. “And that’s exactly what has been happening and will continue to happen as we see more earnings reports come out today, this week and next week, all indicating a strong economy. This is creating an incredible tailwind for the economy. But there are many people who don’t want to participate or take advantage of that tailwind. I understand that. But can you imagine—with the tailwind that’s already being created by earnings, if there was also diminished concern over negative news and drama around the Trump administration, look out, economy! Personally, I will be turning my attention to the November elections by this summer. But if the November elections continue to keep Republicans in control, we can expect great things from the economy for the next couple of years!”
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