PHILADELPHIA—Weeks after Presidents Donald Trump and Xi Jinping met in Japan, an impending China trade deal is still impacting the markets, says nationally syndicated host and biblical investing authority Dan Celia. “We’re still in a situation where U.S.-China trade talks are front and center,” Celia said. “The Chinese government and Chinese companies will cut business ties with U.S. firms selling arms to Taiwan. China’s Foreign Minister spoke this morning about possible sanctions in a move that will likely worsen trade negotiations going forward. All of this is happening as the European markets and the U.S. markets are nudging a bit higher, and investors seem to be putting aside the bad news that China’s GDP growth has fallen to a 27-year low. That is a significant move downward and will likely continue to be something the markets will watch very closely.” Celia added that several [...]

PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia pointed today to a bit of a rough start to the week, with indices finishing in negative territory. But an important data point to expect this week is business sentiment, he said. “The National Federation of Independent Businesses’ sentiment number is a figure I’ve been concerned about and been watching very closely,” Celia said. “According to NFIB president and CEO Juanita Duggan, small business owners curbed spending last month, sales expectations and profits both fell, and the outlook for expansion was somewhat dampened. She went on to say that when you add difficulty finding qualified workers to harmful state-level laws and regulations, you’re left with a volatile mix, where uncertainty has increased to levels not seen in more than two years. “Optimism among American small business owners took a modest downturn for the month [...]

PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia said today that while the mainstream media seems to think President Donald Trump lost the trade war with China, the biggest loser is China. “China has lost dramatically, forcing companies to consider other areas of the world to do work,” Celia said. “China has lost market share—not temporarily, but permanently—forcing companies into ramping up responsible diversification, as they have now considered this diversification critically necessary. This is a real problem for China and could impact its GDP growth for years to come. Of course, when mainstream media thinks about wins and losses, they look at it from a political perspective. We need to look at it purely from an economic perspective. This was an economic crisis, not a political crisis.” Celia added that China’s second-in-command commented that the country is building an even playing field for [...]