Dan Celia: Uncertainty Abounds—Is the Web Being Spun by Detractors Entrapping More?
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October 8, 2019
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia said this morning that many factors are playing into the uncertainty that abounds in the markets and the economy.
“Just when we thought there was more than enough uncertainty to go around in markets and the economy, we continue to see more and more added,” Celia said. “This week could end up being a very rough week. It depends on what happens with the president, China trade, USMCA, impeachment investigations, Turkey, Syria and bringing the troops home. Nonetheless, there is a lot of uncertainty out there, and the economies are no exception. Currently, everyone is concerned about earnings reports and what they might look like for the third quarter. I’m not so concerned about earnings reports for the third quarter, but the fourth quarter could be a different issue. But right now, it looks like growth is certainly slowing, and it would appear as though the negative web that has been spun for so long by the mainstream media is entrapping more analysts.
“But even in spite of a slowdown in the negative spiral somewhat, we are still seeing most predicting a very good Christmas shopping season,” Celia added. “For now, consumers still seem to be fairly confident and optimistic and more than willing to spend. We were beginning to see somewhat of a pickup, and we’ll see what October looks like in housing, but I think that even at these unbelievably low mortgage rates, we may see housing start to drop off as well.
“Additionally, the prospects for U.S.-China trade talks are dimming very quickly,” he concluded. “As I said last week, we shouldn’t get excited over a U.S.-China trade agreement. It is very unlikely to happen anytime soon, and sure enough, we are seeing some concerns. We are certainly reaching historical highs in uncertainty in the markets and economies.”
Celia discusses these and other global and economic headlines onhis daily, three-hour “Financial Issues” program, heard on more than 650 radio stations and several television networks nationwide.
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