PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discussed this week’s market numbers, as well as concerns about America’s production of oil and gas.
Celia stated, “Well, the markets all finished and in positive territory. As a matter of fact, the Dow rose for the third straight day and eked out another all-time record high on the back of strong earnings. I’m not sure if that is something that was unexpected or not—I hope it wasn’t. The only thing that was in the red was the Russell 2000. That was in negative territory by about three quarters of one percent. Of course, that is an index of small cap stocks.
“As far as oil is concerned, it’s about $84 right now. We are quickly approaching $85 again. Brent crude oil is up to $86.25, and natural gas is down about one percent. That’s very good news. This is on the back of Monday’s 13% increase.”
Celia continued, “No one seems to be talking about oil and gas. We’re looking at oil supplies and the benchmark is settling at the lowest it’s been since 2014. We have pipelines that are shut down, so we have stopped producing gas. You cannot flip on a switch and start producing overnight—it doesn’t work like that. I’m sure the administration doesn’t care much about that. But nonetheless, the American consumer is going to care about it. And inflation is going to indicate just how serious that shortage is in the upcoming weeks.”
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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