PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discusses the optimistic start to February.
“Yesterday was a great day for the markets. We saw a huge rebound. The Dow jumped 220 points from the worst week since October. Now, the market is looking past the trading mania and is continuing to move forward. It’s pretty amazing. The S&P finished up 1.6 percent. The NASDAQ technology stocks were up two and a half percent. To say that is a significant move would be a huge understatement. The Russell 2000 was up two and a half percent as well, and the Dow was up three quarters of a percent. It was a good start to the week. As we start a new month, maybe this is a sign of what’s going to happen in the months to come.
“One of the big pieces of news is that Ford Motor and Google signed a six-year deal for Ford’s in-car connectivity and cloud services. That’s a huge deal. It is going to be a boost for Ford and for Google. I hope it works out. Ford has been struggling to keep their head above water, keep the stock price up and keep things moving during this time of COVID. This will, in all likelihood, help Ford Motor, and it will certainly be good for Google and their connectivity services. Some are saying that Bitcoin could be the next new GameStop. I’m not so sure about that, but that’s what they’re saying right now. It also looks like they’re chasing after silver. It was a good start to the month of February. We’ll see if the optimism can continue.”
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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