January 18, 2022
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discussed today’s market numbers, as well as recent comments from CEO Larry Fink.
Celia stated, “Well, as we get ready to start the first trading day of the week, it looks like all the indices in the pre-market that were open on Tuesday morning were a negative territory. The DA was down considerably at three quarters of 1% and the S&P was down over 1%. The NASDAQ was significantly down to 2%. Oil is going to be the big story right now. Oil is up dramatically at 1.75% at 85.29 a barrel. The ten-year treasury jumped as the two-year high hits 1.83%. This means we are likely to see higher mortgage rates.”
Celia continued, “Once again, I find it pretty comical that Larry Fink, CEO of BlackRock, says that capitalism is not woke. He is being criticized for his politically correct stance, or at least politically correct as he sees it with his fund management. He says that is not the case at all, when in fact it is very much the case by his own admission. He is trying to persuade other capitalists to join him in his ideology instead of worrying about managing the billions of dollars that he manages. I have to say, it’s very encouraging to know that a number of the companies that he is managing are speaking up and hopefully it’ll send a message to others. This is what happens when the will of a minority begin to try to determine and set the pace for the will of the majority.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here. ###