PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discussed the latest trends in the markets, as well as the current market for homes.
Celia commented, “Well, as we head to the middle of the week, we had all the indices in negative territory of the NASDAQ, down almost 1%, as well as the Russell 2000 small cap stocks down 1.1%. And we’re looking at the S&P down three quarters, as well as the Dow down just over three quarters. The Dow snapped a five-day winning streak.
“The Taliban has pledged safe passage for civilians to Kabul airport, according to The White House. This may be out of fear of the Biden administration, but I doubt that. And why are we are paying attention to pledges coming out of the Taliban?
“It looks like the market is struggling for unbeknownst reasons, yet nobody seems to be talking about it. We had home prices up 23% and moving up to the highest one month move since 1968. The lumber and materials did come down. Supply chains are still a bit jammed up. We may see a pullback, but monies will likely flow in again. Everyone is now sitting back and looking at the administration and their economic policies and saying, ‘What have they done?’”
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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