Dan Celia: Positivity Prevails, Even in Uncertainty
The Markets Are Finally Being Impacted by the Economy
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia said today that it is “amazing” the country is seeing any positive movement in the markets when there was so much global uncertainty.
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on about 650 television and radio stations nationwide.
“People are concerned about trade, the meeting in Singapore and some of the economic news coming out of the eurozone,” Celia said. “And it’s almost as if traders are ignoring macroeconomics both internationally and even here in America. Remember, it wasn’t that long ago that traders were panicked over a 3 percent 10-year note and what was going on in German banks, Italian banks and the financial sector. Now things have settled down and many are coming to the realization that it may not be as big of a deal as everyone thought it was. But rising interest rates on top of deficits may be worth focusing on.”
Many, Celia added, are focusing on another important two-day meeting—that of the Federal Reserve—and are anxious to see what indications the Fed chair will make Wednesday afternoon.
“It seems as though we continue to plug along, little by little, toward more gains in the markets,” Celia added. “It’s almost as if there is no stopping economic growth. Economic growth seems to be doing what it’s supposed to do—impacting markets in a positive way. But the question has been: How much more can the markets go up? Unfortunately, no one may have that answer. Above all, we need to make sure we don’t confuse the markets with the economy. We have finally gotten to a place where the markets are actually being impacted by the economy. Could that slow down? Any number of things that have happened in the past few weeks, including the geopolitical events, flow of oil, political events here in America or the Federal Reserve turning a bit too hawkish could turn the markets on a dime and start tapping the breaks a little harder on the economy.”
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