Consumer confidence signals a bright christmas shopping season

PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia said today that record days in the markets so far this week are signaling good things ahead, especially heading into the Christmas shopping season.

“Monday and Tuesday were great days in the markets, with all three indexes hitting record highs both days,” Celia said. “The consumer confidence number came out yesterday, and that certainly helped. We’re sitting at 125.5, and yes, that’s down a bit from 125.9, but nonetheless, this is an amazing number, and we’re taking this consumer sentiment and this consumer confidence into Black Friday and the official start of the Christmas shopping season. And it looks like it will be a very good retail sales year.”

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Next week kicks off with more economic data, Celia added, ending with the all-important economic jobs data, unemployment rate and wage numbers. Therefore, most of the economic data will weigh heavy next week, but the completion of Phase 1 of the U.S.-China trade deal would change much in the upcoming markets, as well as strengthen sentiment for the business community.

Christmas shopping season and China

“According to President Trump, it looks like we’re about as close as we’ve ever been to finally getting Phase 1 of this deal finished, and of course, China is trying to avoid those additional tariffs that are scheduled for December 15,” Celia added. “I hope all have a wonderful and blessed Thanksgiving as Americans spend time with families, friends and loved ones, as we give thanks for the greatest country in the world, pray for our leaders and look forward to what next year will bring. We certainly have an awful lot to be thankful for.”

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.

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