PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discussed the future of the markets, the treasury, hedge funds, and inflation.
Celia stated, “Tuesday was a very telling day for the markets—possibly for the rest of the year. Stocks slipped from their record highs, but the S&P looks like it’s going to wrap up its seventh winning month in a row, which is good news.”
Celia continued, “At the moment, all eyes are on the political nature of things. Some very interesting things are going on right now—treasury yield is dropping as more and more money is being rotated into U.S. Treasuries. Apparently hedge funds are cutting back on stocks again, sitting on the sidelines, or rotating into treasuries or other very conservative kinds of positions. Inflation is here to stay, and it looks like the vast majority of inflation is coming to us through the service sector. Why is that important? It’s the biggest part of our economy. Also, if it’s from the service sector, it’s here to stay. It can’t be transitory.
“That is one of the other problems we are seeing as interest rates drop on treasury yields and money pours in at the very same time. Inflation continues to rise and by all accounts, the Federal Reserve is going to do very little about it. We need to strengthen the dollar. We need to raise rates. None of this is good news moving forward.”
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.
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