Trump Needs to Put Certainty on the Tariffs Topic
PHILADELPHIA—With tariff talk still in the news, nationally syndicated host and biblical investing authority Dan Celia shared the following statement today.
“All the indexes ended in positive territory yesterday,” Celia said. “But the Dow dropped 200 points after Gary Cohen, one of the president’s economic advisors, handed in his resignation. By the looks of things, this month could be the month we revisit February lows as volatility continues to be very much a presence in the markets. And Gary Cohen was a voice for free markets. His resignation has even gotten our European and other allied nations a little bit more concerned.
“Cohen, an investment banker, former president and chief operating officer of Goldman Sachs, served as the 11th director of the national economic council,” Celia continued. “It seems that we could be stumbling into a trade war with our allies based on words only. Nothing has been negotiated. Nothing has been detailed. Needless to say, it is imperative that President Trump begins as soon as possible to put a little bit of certainty on the topic. One way or another, he has to start walking back some of the rhetoric and stop global markets, as well as American, run away with their imagination and assumptions of what could be. It will be an interesting month, and hopefully we will see some detail coming to the light of day in and around trade very soon.”
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