September 29, 2021
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discusses the market trends of the week, as well the future of Federal Reserve Chairman Jerome Powell.
Celia stated, “We’ve seen the markets all over the place this week. The Dow ended up finishing down significantly on Tuesday, with the S&P down over two percent and the NASDAQ down two-point eight percent. The NASDAQ hasn’t had a day like that in the last six months. The Russell 2000, the gauge of small cap stocks, was down over two percent, and the volatility index is way up. Oil ended up finishing the day down. If you can call that a bright spot, I guess it’s better than going up to $77, and that’s a relief.
“Elizabeth Warren called the Federal Chair Jerome Powell a dangerous man and said she will oppose his renomination, which is no surprise. I’ve been saying for the last six months. I hope he’s not thinking that he is going to get reappointed because he doesn’t have a chance of that happening. Elizabeth Warren just confirmed that for all of us—not that it’s a surprise to anybody.
“We’re watching bonds across the globe, both in Asia and the U.S. It would appear as though there is a bit of a run to safety in that regard. We’ll see what the rest of the week brings.”
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.
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