Markets Are Desperate for News About a COVID-19 Vaccines

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Markets Are Desperate for News About a COVID-19 Vaccines
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Dan Celia: Markets Are Desperate for News About a COVID-19 Treatment or Vaccine

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PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia is considering bits of good news that are having an effect on the markets this week—but is it warranted?

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“Some good news is that U.S. airlines are beginning to see a slight pickup in demand,” Celia said. “Some are wondering if this is a turning point in the pandemic, but I wouldn’t be too quick to make any real decisions or judgments about that. The fact of the matter is the economy doesn’t turn on as quick as it turned off.”

Markets Gain On COVID-19 Vaccine News

Celia pointed out that some questions have arisen about the COVID-19 vaccine being worked on by Moderna, whose initial news precipitated gains in the markets on Monday.

“Apparently, Moderna didn’t produce data that was critical to assessing the actual COVID-19 vaccines, so possibly the efficacy could be called into question,” Celia said. “All that stock gain could be gone by tomorrow if this proves to be true—and then some. I saw this as an opportunity to sell this stock if you owned it. I don’t know how many people took heed but remember what I said—it was very fragile, not just in the stock, but in the markets.

“The 900-point gain on Monday was based on information about a study group of 45 people, when only eight of them had the kind of success they were looking for,” Celia added. “It goes to show how desperate markets are for some sort of treatment or confirmation of a vaccine, but we need to go slow and easy and not rush to assumptions.”

The Loss Of Income Stream

Celia added that the places hardest hit by the outbreak, such as New York City, could experience additional problems down the road because of the loss of income stream. Many areas will face similar situations.

“If you don’t think taxes will go up, be prepared for that reality,” he said. “There’s really no other way out of this, now or in future years. The government has predicted the GDP will tumble 38%. That is the greatest single drop in U.S. history and well above most people’s expectations.”

Celia discusses these and other global and economic headlines on his daily, three-hour Financial Issues program.

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Dan Celia is the CEO and President of Financial Issues Stewardship Ministries. Married to Registered Nurse, Yvonne, in 1980, Dan has two married daughters, is blessed with sons-in law who love the Lord, and has seven grandchildren. Dan has worked for 35 years as an entrepreneur and businessman, starting eight corporations and co-founder of two others. In 1999 Dan sold his Small Trust Company (managing over 900 million dollars) to go into Ministry. Dan has developed and uses a biblically-responsible system of financial management with great success. He started a radio ministry in 1997 as a part time ministry and has seen the Lord expand and bless this ministry to his current full-time ministry. Dan has interviewed newsmakers and pundits like Steve Forbes, Ben Stein, T. Boone Pickens, Tony Perkins, John Alison, Rayola Dougher API, Congressmen, Senators and Presidential candidates. He is proud of his partnership with the American Family Association where he serves as a board member. Dan is now on over 640 stations three hours daily, NRB TV, BizTV, Dove TV and CBN Life Style Network. Financial Issues is heard in every state in America and throughout the internet globally. Financial Issues has supporters from over 17 countries. Dan is a Regular Weekly Contributor to Townhall.com (the number 1 source for conservative news and analyzation). Dan has been a guest on Fox Business, Bloomberg, Salem Radio, Family Net, 700 Club,and many others . He is a conference speaker, author of six books, publishes a weekly newsletter and has been Executive Producer of several video productions and FISM TV is producing original family friendly content and other video projects all keeping with in FISM’s Christian world view.
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